This function calculates the interest rate for a fully invested security.
INTRATE(settle, mature, invest, redeem, basis)
This function has these arguments:
Settlement date for the security.
Maturity date for the security.
Amount invested in the security.
Amount to be received at maturity.
[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.
Accepts numeric data for all arguments. Returns numeric data.
INTRATE("3/1/2003","5/31/2003",65000,70000,2) gives the result 0.304311074