Changes

=YIELDMAT(settlement, maturity, issue, rate, price, basis)=

<div style="font-size:30px">'''YIELDMAT (Settlement,Maturity,Issue,Rate,Price,Basis)'''</div><br/>

*where <math>settlement</math> is security's settlement date (a date when coupon or a bond is purchased),  

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

*<math>rate</math> is security's annual coupon rate,  

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

*<math>price</math> is the price per $100 face value,

*<math>Price</math> is the price per $100 face value,

*<math>basis</math> is the type of day count basis to use.

*<math>Basis</math> is the type of day count basis to use.

YIELDMAT() calculates the annual yield on a security or a bond that pays interest at maturity.

**YIELDMAT(), returns the annual yield of a security that pays interest at maturity.

== Description ==

== Description ==

YIELDMAT(settlement, maturity, issue, rate, price, basis)

YIELDMAT (Settlement,Maturity,Issue,Rate,Price,Basis)

*YIELDMAT is the percentage annual yield on security that pays interest at maturity.

*YIELDMAT is the percentage annual yield on 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>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.

*Dates should satisfy the following condition:- <math>maturity</math> &gt; <math>settlement</math> &gt; <math>issue</math>, else Calci displays #N/A error message.

*Dates should satisfy the following condition:- <math>Maturity</math> &gt; <math>Settlement</math> &gt; <math>Issue</math>, else Calci displays #N/A error message.

*<math>rate</math> value must be greater than or equal to zero, else Calci displays #N/A error message.

*<math>Rate</math> value must be greater than or equal to zero, else Calci displays #N/A error message.

*<math>price</math> value must be greater than zero, else Calci displays #N/A error message.

*<math>Price</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:

|}

|}

*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 ==

 

YIELDMAT (Settlement,Maturity,Issue,Rate,Price,Basis) function with inputs in order is calculated as follows:

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

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

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