# PRICEMAT

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## Content



This function returns the price at maturity per $100 face value of a security that pays interest.

## Syntax

PRICEMAT(*settle*,*mature*,*issue*,*rate*,*yield*,*basis*)

## Arguments

This function has these arguments:

| **Argument** | **Description** |
| -------- | ----------- |
| *settle* | Settlement date for the security |
| *mature* | Maturity date for the security |
| *issue* | Issue date for the security |
| *rate* | Interest rate for the security at the issue date |
| *yield* | Annual yield for the security |
| *basis* | [Optional] Integer representing the basis for day count (Refer to [Day Count Basis](/spreadnet/docs/latest/online-formula/formulas-overview/formulas-functs/formulas-functtypes/formulas-functsfinance/formulas-functsdaycount).) |

## Remarks

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

## Examples

`PRICEMAT(A1,A2,A5,A7,A7,1)`
`PRICEMAT(R1C1,R2C1,R5C5,R5C7,R5C9,2)`
`PRICEMAT("5/15/2004","9/1/2004","5/15/2003",0.06,0.07,3)` gives the result 99.5842915904314

## Version Available

This function is available in product version 1.0 or later.

## See Also

[DISC](/spreadnet/docs/latest/online-formula/formulas-functionsall/formulas-functsDtoG/FunctionDISC) \| [PRICEDISC](/spreadnet/docs/latest/online-formula/formulas-functionsall/formulas-functsMtoQ/FunctionPRICEDISC) \| [Financial Functions](/spreadnet/docs/latest/online-formula/formulas-overview/formulas-functs/formulas-functtypes/formulas-functsfinance)