This function returns the price per $100 face value of a discounted security.
PRICEDISC(settle,mature,discount,redeem,basis)
This function has these arguments:
| Argument | Description |
|---|---|
| settle | Settlement date for the security. |
| mature | Maturity date for the security. |
| discount | 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.) |
This function returns a #VALUE! error when settle or mature is invalid. Settle, mature, and basis are truncated to integers. If discount 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.
PRICEDISC(A1,A2,A5,A7,1)
PRICEDISC(R1C1,R2C1,R5C5,R5C7,2)
PRICEDISC("5/15/2004","9/1/2004",0.06,100,3) gives the result 98.20822
This function is available in product version 1.0 or later.
DISC | PRICEMAT | Financial Functions
