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Formula Functions / Functions T to Z / TBILLPRICE
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    TBILLPRICE
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    This function returns the price per $100 face value for a Treasury bill (or T-bill).

    Syntax

    TBILLPRICE(settle,mature,discount)

    Arguments

    This function has these arguments:

    Argument Description
    settle Settlement date for the Treasury bill
    mature Maturity date for the Treasury bill
    discount Discount rate for the Treasury bill

    Remarks

    This function returns a #VALUE! error when settle or mature is invalid. Settle and mature are truncated to integers. If discount is less than or equal to 0, a #NUM! error is returned. If settle is greater than mature or if mature is more than one year after settle, a #NUM! error is returned.

    Data Types

    Accepts numeric and DateTime object data for all arguments. Returns numeric data.

    Examples

    TBILLPRICE(A1,B2,C3)

    TBILLPRICE("3/31/2003","6/1/2003",0.065)gives the result $98.88055556

    Version Available

    This function is available in product version 1.0 or later.

    See Also

    TBILLEQ | TBILLYIELD | Financial Functions