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Manuals/calci/PRICEDISC (view source)
Revision as of 22:11, 13 December 2013
, 22:11, 13 December 2013no edit summary
=PRICEDISC(settlement, maturity, discount, redemption, basis)=
=PRICEDISC(settlement, maturity, discount, redemption, basis)=
*where 'settlement' is the security's settlement date (a date when coupon or a bond is purchased),
*where <math>settlement</math> is the security's settlement date (a date when coupon or a bond is purchased),
*'maturity' is security's maturity date (a date when coupon or a bond expires),
*<math>maturity</math> is security's maturity date (a date when coupon or a bond expires),
*'discount' is security's discount rate,
*<math>discount</math> is security's discount rate,
*'redemption' is security's redemption value per $100 face value, and
*<math>redemption</math> is security's redemption value per $100 face value, and
*'basis' is the type of day count basis to use.
*<math>basis</math> is the type of day count basis to use.
PRICEDISC() calculates the price of a discounted security per $100 face value.
PRICEDISC() calculates the price of a discounted security per $100 face value.
*The function returns the price of a discounted security per $100 face value.
*The function returns the price of a discounted security per $100 face value.
*PRICEDISC is calculated by subtracting discounted amount from redemption value.
*PRICEDISC is calculated by subtracting discounted amount from redemption value.
*Settlement and maturity dates should be entered either in 'date format' or 'dates returned using formulas'. If dates are not valid, Calci displays #N/A error message.
*<math>settlement</math> and <math>maturity</math> 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 settlement date ≥ maturity date, Calci displays #N/A error message.
*If <math>settlement</math> date ≥ <math>maturity</math> date, Calci displays #N/A error message.
*'discount' value must be greater than or equal to zero, else calci displays #N/A error message.
*<math>discount</math> value must be greater than or equal to zero, else calci displays #N/A error message.
*'redemption' value must be greater than zero, else Calci displays #N/A error message.
*<math>redemption</math> value must be greater than zero, else Calci displays #N/A error message.
*'basis' value is optional. If omitted, Calci assumes it to be 0.
*<math>basis</math> value is optional. If omitted, Calci assumes it to be 0.
Below table shows the use of 'basis' values:
Below table shows the use of 'basis' values:
|}
|}
*If 'basis' value is other than 0 to 4, Calci displays #N/A error message.
*If <math>basis</math> value is other than 0 to 4, Calci displays #N/A error message.
== Examples ==
== Examples ==