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This function calculates the annual yield for a discounted security.
YIELDDISC(settle, maturity, price, redeem, basis)
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.) |
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.
Accepts numeric data and dates. Returns numeric data.
YIEDDISC(B1,B2,B3,B4,B5)