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Formula Reference / Formula Functions / Financial Functions / PRICE
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    This function calculates the price per $100 face value of a periodic interest security.




    This function has these arguments:

    Argument Description
    settle Settlement date for the security
    maturity Maturity date for the security
    rate Annual coupon rate
    yield Annual yield for the security
    redeem Redemption value per $100 face value for the security
    frequency Frequency of payment, number of payments per year; must be 1, 2, or 4
    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. A #NUM! error is returned if frequency is a number other than 1, 2, or 4. Settle, maturity, frequency, and basis are truncated to integers. If yield or rate is less than 0, a #NUM! error is returned. If 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.

    Data Types

    Accepts numeric data and dates. Returns numeric data.



    See Also