# Manuals/calci/PRICEMAT

PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis)

• where is the security's settlement date (a date when coupon or a bond is purchased),
• is security's maturity date (a date when coupon or a bond expires),
• is security's issue date (a date when coupon or a bond is issued),
• is security's interest rate,
• is security's annual yield,
• is the type of day count basis to use.
• PRICEMAT(), returns the price per \$100 face value of a security that pays interest at maturity.

## Description

PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis)

• The function returns the price per \$100 face value of security, that pays interest at maturity.
• , and dates should be entered either in 'date format' or 'dates returned using formulas'. If dates are not valid, Calci displays #N/A error message.
• If , Calci displays #N/A error message.
• and values must be greater than or equal to zero, else Calci displays #N/A error message.
• value is optional. If omitted, Calci assumes it to be 0.

Below table shows the use of values:

Basis Description
0 US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/365
• If value is other than 0 to 4, Calci displays #N/A error message.

## Examples

PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis) function with inputs in order is calculated as follows:

 2/2/2008 11/2/2016 1/2/2008 5% 8% 2
```=PRICEMAT(A1,A2,A3,A4,A5,A6) : Calculates the Price Value with the inputs in the range A1 to A6. Returns 84.24817365442365.
```

PRICEMAT