This function calculates the annual yield for a discounted security.
YIELDDISC(settle,maturity,price,redeem,basis)
This function has these arguments:
| Argument | Description |
|---|---|
| settle | Settlement date for the security |
| maturity | Maturity date for the security |
| price | Price per $100 face value for the security |
| redeem | Redemption value per $100 face value |
| basis | [Optional] Integer representing the basis for day count (Refer to Day Count Basis.) |
This function returns a #VALUE! error when settle or maturity is invalid. If price 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 maturity, a #NUM! error is returned. Settle, maturity, and basis are truncated to integers.
Accepts numeric data and dates. Returns numeric data.
YIEDDISC(B1,B2,B3,B4,B5)
This function is available in product version 2.0 or later.
YIELD | YIELDMAT | ODDLYIELD | Financial Functions
