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Manuals/calci/PRICEMAT (view source)
Revision as of 22:19, 13 December 2013
, 22:19, 13 December 2013no edit summary
=PRICEMAT(settlement, maturity, issue, rate, yield, basis)=
=PRICEMAT(settlement, maturity, issue, rate, yield, 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),
*'issue' is security's issue date (a date when coupon or a bond is issued),
*<math>issue</math> is security's issue date (a date when coupon or a bond is issued),
*'rate' is security's interest rate,
*<math>rate</math> is security's interest rate,
*'yield' is security's annual yield,
*<math>yield</math> is security's annual yield,
*'basis' is the type of day count basis to use.
*<math>basis</math> is the type of day count basis to use.
PRICEMAT() calculates the price per $100 face value of security, that pays interest at maturity.
PRICEMAT() calculates the price per $100 face value of security, that pays interest at maturity.
*The function returns the price per $100 face value of security, that pays interest at maturity.
*The function returns the price per $100 face value of security, that pays interest at maturity.
*Settlement, maturity and issue 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>, <math>maturity</math> and <math>issue</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.
*'rate' and 'yield' values must be greater than or equal to zero, else Calci displays #N/A error message.
*<math>rate</math> and <math>yield</math> values must be greater than or equal to 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 <math>basis</math> values:
{| class="wikitable"
{| class="wikitable"
|}
|}
*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 ==