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=PRICEDISC(settlement, maturity, discount, redemption, basis)=
<div style="font-size:30px">'''PRICEDISC (SettlementDate,MaturityDate,DiscountRate,RedemptionValue,Basis)'''</div><br/>
*where <math>settlement</math> is the security's settlement date (a date when coupon or a bond is purchased),
*where <math>SettlementDate</math> is the security's settlement date (a date when coupon or a bond is purchased),
*<math>maturity</math> is security's maturity date (a date when coupon or a bond expires),
*<math>MaturityDate</math> is security's maturity date (a date when coupon or a bond expires),
*<math>discount</math> is security's discount rate,
*<math>DiscountRate</math> is security's discount rate,
*<math>redemption</math> is security's redemption value per $100 face value, and
*<math>RedemptionValue</math> is security's redemption value per $100 face value, and
*<math>basis</math> 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(), returns the price per $100 face value of a discounted security.
== Description ==
== Description ==
PRICEDISC(settlement, maturity, discount, redemption, basis)
PRICEDISC (SettlementDate,MaturityDate,DiscountRate,RedemptionValue,Basis)
*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.
*<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.
*<math>SettlementDate</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 <math>settlement</math> date ≥ <math>maturity</math> date, Calci displays #N/A error message.
*If <math>SettlementDate</math> date ≥ <math>maturity</math> date, 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.
*<math>DiscountRate</math> value must be greater than or equal to zero, else calci displays #N/A error message.
*<math>redemption</math> value must be greater than zero, else Calci displays #N/A error message.
*<math>RedemptionValue</math> value must be greater than zero, else Calci displays #N/A error message.
*<math>basis</math> 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 <math>basis</math> values:
Below table shows the use of <math>basis</math> values:
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*If <math>basis</math> 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 ==
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PRICEDISC(settlement, maturity, discount, redemption, basis) function with inputs in order is calculated as follows:
PRICEDISC (SettlementDate,MaturityDate,DiscountRate,RedemptionValue,Basis) function with inputs in order is calculated as follows:
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