# Manuals/calci/TBILLPRICE

TBILLPRICE (Settlement,Maturity,Discount)

where,

• is the Treasury Bill's settlement date (a date when the Treasury Bill is purchased)
• is the Treasury Bill's maturity date (a date when the Treasury Bill expires)
• is the Treasury Bill's discount rate.
• TBILLPRICE(), returns the price per \$100 face value for a Treasury bill.

## Description

TBILLPRICE (Settlement,Maturity,Discount)

• and 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.
• should not be greater than one year from . Else, Calci displays #N/A error message.
• If <=0, Calci displays #N/A error message.
• Formula:

If 'N' is number of days from 'Settlement' to 'Maturity', then TBILLPRICE is calculated as -

## Examples

Consider the following example that shows the use of TBILLPRICE function:

 01/01/2010 11/20/2010 5.85%
=TBILLPRICE(A1,A2,A3) : Calculates the price for the Treasury Bill with values in the range A1 to A3. Displays 94.75125 as a result.
=TBILLPRICE(DATE(2013,10,20),DATE(2014,6,20),9%) : Calculates the price for the Treasury Bill with the mentioned values. Displays 93.925 as a result.


TBILLPRICE