This function calculates the interest rate for a fully invested security.

Syntax

INTRATE(settle,mature,invest,redeem,basis)

Arguments

This function has these arguments:

Argument |
Description |

settle |
Settlement date for the security. |

mature |
Maturity date for the security. |

invest |
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 invest 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

INTRATE(A1,B3,70000,72000,3)

INTRATE(R1C1,R4C4,82000,86500,2)

INTRATE("3/1/2003","5/31/2003",65000,70000,2) gives the result 0.304311074

See Also