[]
        
(Showing Draft Content)

PRICEDISC

This function returns the price per $100 face value of a discounted security.

Syntax

PRICEDISC(settle, mature, discount, redeem, basis)

Arguments

This function has these arguments:

Argument

Description

settle

Settlement date for the security.

mature

Maturity date for the security.

discount

Amount invested in the security.

redeem

Amount to be received at maturity.

basis

[Optional] Integer representing the basis for day count (Refer to Day Count Basis.)

Remarks

This function returns a #VALUE! error when settle or mature is invalid. Settle, mature, and basis are truncated to integers.

  • If discount or redeem is less than or equal to 0, a #NUM! error is returned.

  • If basis is less than 0 or greater than 4, a #NUM! error is returned.

  • If settle is greater than or equal to mature, a #NUM! error is returned.

Data Types

Accepts numeric data for all arguments. Returns numeric data.

Examples

PRICEDISC(A1,A2,A5,A7,1)


PRICEDISC(R1C1,R2C1,R5C5,R5C7,2)


PRICEDISC("5/15/2004","9/1/2004",0.06,100,3) gives the result 98.20822