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DEMOS DOCS API PRICING
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PRICEDISC

This function returns the price per $100 face value of a discounted security.

Syntax

PRICEDISC(settle, mature, discount, redeem, [basis])

Arguments

This function has these arguments:

Argument

Description

settle

[Required] Settlement date for the security.

mature

[Required] Maturity date for the security.

discount

[Required] Amount invested in the security.

redeem

[Required] Amount to be received at maturity.

basis

[Optional] Integer representing the basis for day count

Remarks

This function returns a #VALUE! error when settle or mature is invalid. Settle, mature, and basis are truncated to integers.

  • If discount 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.

Examples

PRICEDISC(A1,A2,A5,A7,1)

PRICEDISC(R1C1,R2C1,R5C5,R5C7,2)

PRICEDISC("5/15/2004","9/1/2004",0.06,100,3) gives the result 98.20822