Spread Formula Reference
Formula Functions / Functions T to Z / YIELDDISC
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    YIELDDISC
    In This Topic

    This function calculates the annual yield for a discounted security.

    Syntax

    YIELDDISC(settle,maturity,price,redeem,basis)

    Arguments

    This function has these arguments:

    Argument Description
    settle Settlement date for the security
    maturity Maturity date for the security
    price Price per $100 face value for the security
    redeem Redemption value per $100 face value
    basis [Optional] Integer representing the basis for day count (Refer to Day Count Basis.)

    Remarks

    This function returns a #VALUE! error when settle or maturity is invalid. If price 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 maturity, a #NUM! error is returned. Settle, maturity, and basis are truncated to integers.

    Data Types

    Accepts numeric data and dates. Returns numeric data.

    Examples

    YIEDDISC(B1,B2,B3,B4,B5)

    Version Available

    This function is available in product version 2.0 or later.

    See Also

    YIELD | YIELDMAT | ODDLYIELD | Financial Functions