SpreadJS 13
SpreadJS Documentation / Formula Reference / Formula Functions / YIELDMAT
In This Topic
    YIELDMAT
    In This Topic

    This function calculates the annual yield of a security that pays interest at maturity.

    Syntax

    YIELDMAT(settle,maturity,issue,issrate,price,basis)

    Arguments

    This function has these arguments:

    Argument Description
    settle Settlement date for the security
    maturity Maturity date for the security
    issue Issue date for the security
    issrate Interest rate for the security at the date of issue
    price Price per $100 face value for the security
    basis [Optional] Integer representing the basis for day count (Refer to Day Count Basis.)

    Remarks

    This function returns a #VALUE! error when settle, maturity, or issue is invalid. If issrate is less than 0 or price 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. Settle, maturity, issue, and basis are truncated to integers.

    Data Types

    Accepts numeric and date data. Returns numeric data.

    Examples

    YIELDMAT(C1,C2,C3,C4,C5,C6)

    See Also