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SpreadJS Documentation / Formula Reference / Formula Functions / PRICEMAT
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    This function returns the price at maturity per $100 face value of a security that pays interest.




    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.)


    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.




    PRICEMAT("5/15/2004","9/1/2004","5/15/2003",0.06,0.07,3) gives the result 99.5842915904314

    See Also