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This function returns the yield for a Treasury bill (or T-bill).
TBILLYIELD(settle, mature, priceper)
This function has these arguments:
Argument | Description |
---|---|
settle | Settlement date for the Treasury bill |
mature | Maturity date for the Treasury bill |
priceper | Price per $100 face value for the Treasury bill |
This function returns a #VALUE! error when settle or mature is invalid. Settle and mature are truncated to integers.
The function returns an error in the following cases:
If priceper is less than or equal to 0, a #NUM! error is returned.
If settle is greater than or equal to mature or if mature is more than one year after settle, a #NUM! error is returned.
Accepts numeric and DateTime object data for all arguments. Returns numeric data.
TBILLYIELD(A1,B2,C3)
TBILLYIELD("3/31/2003","6/1/2003",98.65)
gives the result 0.0794598041299475 (or 5.80%)