Spread.NET 17 Formula Reference
Formula Functions / Functions H to L / INTRATE
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    This function calculates the interest rate for a fully invested security.




    This function has these arguments:

    Argument Description
    settle Settlement date for the security.
    mature Maturity date for the security.
    invest Amount invested in the security.
    redeem Amount to be received at maturity.
    basis [Optional] Integer representing the basis for day count (Refer to Day Count Basis.)


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

    Data Types

    Accepts numeric data for all arguments. Returns numeric data.




    INTRATE("3/1/2003","5/31/2003",65000,70000,2) gives the result 0.304311074

    Version Available

    This function is available in product version 1.0 or later.

    See Also

    ACCRINT | EFFECT | RATE | RECEIVED | Financial Functions