|
YIELDMAT |
  
|
|
YIELDMAT |
|
This function calculates the annual yield of a security that pays interest at maturity.
Syntax
YIELDMAT(settle,maturity,issue,issrate,price,basis)
Arguments
This function has these arguments:
Argument |
Description |
settle |
Settlement date for the security |
maturity |
Maturity date for the security |
issue |
Issue date for the security |
issrate |
Interest rate for the security at the date of issue |
price |
Price per $100 face value for the security |
basis |
[Optional] Integer representing the basis for day count (Refer to Day Count Basis.) |
Remarks
This function returns a #VALUE! error when settle, maturity, or issue is invalid. If issrate is less than 0 or price 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, issue, and basis are truncated to integers.
Data Types
Accepts numeric and date data. Returns numeric data.
Examples
YIELDMAT(C1,C2,C3,C4,C5,C6)
See Also