YIELDMAT

This function calculates the annual yield of a security that pays interest at maturity.

Syntax

YIELDMAT(settle, maturity, issue, issrate, price, [basis])

This function has these arguments:

Argument	Description
settle	[Required] Settlement date for the security
maturity	[Required] Maturity date for the security
issue	[Required] Issue date for the security
issrate	[Required] Interest rate for the security at the date of issue
price	[Required] Price per $100 face value for the security
basis	[Optional] Integer representing the basis for day count

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.

YIELDMAT(C1,C2,C3,C4,C5,C6)