Changes

=PRICEMAT(settlement, maturity, issue, rate, yield, basis)=

<div style="font-size:30px">'''PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,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>issue</math> is security's issue date (a date when coupon or a bond is issued),  

*<math>IssueDate</math> is security's issue date (a date when coupon or a bond is issued),  

*<math>rate</math> is security's interest rate,  

*<math>Rate</math> is security's interest rate,  

*<math>yield</math> is security's annual yield,

*<math>YieldPercent</math> is security's annual yield,

*<math>basis</math> 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 &#36;100 face value of security, that pays interest at maturity.

PRICEMAT(), returns the price per $100 face value of a security that pays interest at maturity.

== Description ==

== Description ==

 

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

PRICEMAT(settlement, maturity, issue, rate, yield, basis)

*The function returns the price per &#36;100 face value of security, that pays interest at maturity.

*The function returns the price per &#36;100 face value of security, that pays interest at maturity.

*<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.

*<math>SettlementDate</math>, <math>MaturityDate</math> and <math>IssueDate</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> ≥ <math>MaturityDate</math> , 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.

*<math>Rate</math> and <math>YieldPercent</math> values must be greater than or equal to 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:

{| class="wikitable"

{| class="wikitable"

|}

|}

*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 ==

PRICEMAT(settlement, maturity, issue, rate, yield, basis) function with inputs in order is calculated as follows:

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

<div id="2SpaceContent" class="zcontent" align="left">

<div id="2SpaceContent" class="zcontent" align="left">