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PRICE |
  
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PRICE |
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This function calculates the price per $100 face value of a periodic interest security.
Syntax
PRICE(settlement,maturity,rate,yield,redeem,frequency,basis)
Arguments
This function has these arguments:
Argument |
Description |
settle |
Settlement date for the security |
maturity |
Maturity date for the security |
rate |
Annual coupon rate |
yield |
Annual yield for the security |
redeem |
Redemption value per $100 face value for the security |
frequency |
Frequency of payment, number of payments per year; must be 1, 2, or 4 |
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. A #NUM! error is returned if frequency is a number other than 1, 2, or 4. Settle, maturity, frequency, and basis are truncated to integers. If yield or rate is less than 0, a #NUM! error is returned. If 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.
Data Types
Accepts numeric data and dates. Returns numeric data.
Examples
PRICE(A3,A4,A5,A6,A7,A8,A9)
See Also