Spread Formula Reference
Formula Functions / Functions M to Q / PRICEDISC
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    PRICEDISC
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    This function returns the price per $100 face value of a discounted security.

    Syntax

    PRICEDISC(settle,mature,discount,redeem,basis)

    Arguments

    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.)

    Remarks

    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.

    Data Types

    Accepts numeric data for all arguments. Returns numeric data.

    Examples

    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

    Version Available

    This function is available in product version 1.0 or later.

    See Also

    DISC | PRICEMAT | Financial Functions