This function returns the price per $100 face value for a Treasury bill (or T-bill).
TBILLPRICE(settle,mature,discount)
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 |
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.
Accepts numeric and DateTime object data for all arguments. Returns numeric data.
TBILLPRICE(A1,B2,C3)
TBILLPRICE("3/31/2003","6/1/2003",0.065)gives the result $98.88055556
This function is available in product version 1.0 or later.
TBILLEQ | TBILLYIELD | Financial Functions
