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YIELDDISC

This function calculates the annual yield for a discounted security.

Syntax

YIELDDISC(settle, maturity, price, redeem, basis)

Arguments

This function has these arguments:

Argument

Description

settle

Settlement date for the security

maturity

Maturity date for the security

price

Price per $100 face value for the security

redeem

Redemption value per $100 face value

basis

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

Remarks

This function returns a #VALUE! error when settle or maturity is invalid.

  • If price 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 maturity, a #NUM! error is returned.

Settle, maturity, and basis are truncated to integers.

Data Types

Accepts numeric data and dates. Returns numeric data.

Examples

YIEDDISC(B1,B2,B3,B4,B5)