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SpreadJS Documentation / Formula Reference / Formula Functions / INTRATE
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    INTRATE
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    This function calculates the interest rate for a fully invested security.

    Syntax

    INTRATE(settle,mature,invest,redeem,basis)

    Arguments

    This function has these arguments:

    Argument Description
    settle Settlement date for the security.
    mature Maturity date for the security.
    invest Amount invested in the security.
    redeem Amount to be received at maturity.
    basis [Optional] Integer representing the basis for day count (Refer to Day Count Basis.)

    Remarks

    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.

    Data Types

    Accepts numeric data for all arguments. Returns numeric data.

    Examples

    INTRATE(A1,B3,70000,72000,3)

    INTRATE(R1C1,R4C4,82000,86500,2)

    INTRATE("3/1/2003","5/31/2003",65000,70000,2) gives the result 0.304311074

    See Also