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TBILLPRICE |
  
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TBILLPRICE |
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This function returns the price per $100 face value for a Treasury bill (or T-bill).
Syntax
TBILLPRICE(settle,mature,discount)
Arguments
This function has these arguments:
Argument |
Description |
settle |
Settlement date for the Treasury bill |
mature |
Maturity date for the Treasury bill |
discount |
Discount rate for the Treasury bill |
Remarks
This function returns a #VALUE! error when settle or mature is invalid. Settle and mature are truncated to integers. If discount is less than or equal to 0, a #NUM! error is returned. If settle is greater than mature or if mature is more than one year after settle, a #NUM! error is returned.
Data Types
Accepts numeric and DateTime object data for all arguments. Returns numeric data.
Examples
TBILLPRICE(A1,B2,C3)
TBILLPRICE("3/31/2003","6/1/2003",0.065)gives the result $98.88055556
See Also