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| Microsoft Excel > Functions > Financial > PRICEDISC |
PRICEDISC(settlement, maturity, discount, redemption [,basis]) |
| Returns the price per $100 face value of a discounted security. |
| settlement | The settlement date of the security. | |
| maturity | The maturity date of the security. | |
| discount | The discount rate of the security. | |
| redemption | The redemption value of the security per $100 face value. | |
| basis | The type of day counting to use: 0 = US 30/360 1 = Actual/Actual 2 = Actual/360 3 = Actual/365 4 = European 30/360 |
| REMARKS |
| This function is only available if you have the Analysis ToolPak add-in installed. | ||
| The settlement date is the date a buyer purchases a coupon, such as a bond. | ||
| The maturity date is the date when a coupon expires. | ||
| If "settlement" is not an integer, it is truncated. | ||
| If "settlement" is not a valid date, then #NUM! is returned. | ||
| If "settlement" = "maturity", then #NUM! is returned. | ||
| If "maturity" is not an integer, it is truncated. | ||
| If "maturity" is not a valid date, then #NUM! is returned. | ||
| If "discount" = 0, then #NUM! is returned. | ||
| If "redemption" = 0, then #NUM! is returned. | ||
| If "basis" < 0, then #NUM! is returned. | ||
| If "basis" > 4, then #NUM! is returned. | ||
| If "basis" is left blank, then 0 is used. | ||
| If "basis" is not an integer, it is truncated. |
| EXAMPLES |
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