Spread.NET 17 Formula Reference
Formula Functions / Functions T to Z / YIELDMAT
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    This function calculates the annual yield of a security that pays interest at maturity.




    This function has these arguments:

    Argument Description
    settle Settlement date for the security
    maturity Maturity date for the security
    issue Issue date for the security
    issrate Interest rate for the security at the date of issue
    price Price per $100 face value for the security
    basis [Optional] Integer representing the basis for day count (Refer to Day Count Basis.)


    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.

    Data Types

    Accepts numeric and date data. Returns numeric data.



    Version Available

    This function is available in product version 2.0 or later.

    See Also

    YIELD | YIELDDISC | PRICEMAT | Financial Functions