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Manuals/calci/PRICEDISC (view source)
Revision as of 02:42, 25 October 2013
, 02:42, 25 October 2013Created page with "<div id="6SpaceContent" class="zcontent" align="left"> '''PRICEDISC'''(SettlementDate, MaturityDate, Discount, Redemption, Basis) where, '''SettlementDate''' - repr..."
<div id="6SpaceContent" class="zcontent" align="left">
'''PRICEDISC'''(SettlementDate, MaturityDate, Discount, Redemption, Basis)
where,
'''SettlementDate''' - represents the settlement date.
'''MaturityDate''' - represents the maturity date.
'''Discount''' - represents the discount rate.
'''Redemption''' - represents the redemption value per $100 face value.
'''Basis''' - type of day count basis
'''Basis Day count basis'''
0 or omitted US 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
</div>
----
<div id="1SpaceContent" class="zcontent" align="left">
It returns the price per $100 face value of a discounted.
'''Formula''':-
PRICEDISC =(Redemption-Discount )x Redemption x (D/N)
where,
D - number of days from settlement to maturity.
N - number of days in year
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<div id="7SpaceContent" class="zcontent" align="left">
If Basis < 0 or Basis > 4 , PRICEDISC returns the #ERROR.
If Discount <= 0, it returns the #ERROR.
If SettlementDate >= MaturityDate, PRICEDISC returns #ERRROR.
If Redemption <= 0, PRICEDISC returns the #ERROR.
</div>
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<div id="12SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="left">
PRICEDISC
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----
<div id="8SpaceContent" class="zcontent" align="left">
Lets see an example in (Column2, Row6)
<nowiki>=PRICEDISC(R1C1, R2C1, R3C1, R4C1, R5C1)</nowiki>
PRICEDISC returns 97.852841.
Consider another example
<nowiki>=PRICEDISC(date(1/1/2027),date(2/2/2008), "5%", 100,2)</nowiki>
It returns #ERROR(SettlementDate > MaturityDate).
</div>
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<div id="10SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Syntax </div><div class="ZEditBox"><center></center></div></div>
----
<div id="4SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Remarks </div></div>
----
<div id="3SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Examples </div></div>
----
<div id="11SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Description </div></div>
----
<div id="2SpaceContent" class="zcontent" align="left">
{| id="TABLE3" class="SpreadSheet blue"
|- class="even"
| class=" " |
| Column1
| class="sshl_f " | Column2
| Column3
| Column4
|- class="odd"
| class=" " | Row1
| class=" " | 2/2/2008
| class="sshl_f " |
|
|
|- class="even"
| class=" " | Row2
| class=" " | 11/2/2008
| class="sshl_fSelectTD SelectTD ChangeBGColor" |
|
|
|- class="odd"
| Row3
| class=" " | 5%
| class=" " |
| class=" " |
|
|- class="even"
| Row4
| class=" " | 100
|
|
|
|- class="odd"
| class=" " | Row5
| class="sshl_f " | 4
|
|
|
|- class="even"
| Row6
| class="sshl_f" | 96.263889
|
|
|
|}
<div align="left">[[Image:calci1.gif]]</div></div>
----
'''PRICEDISC'''(SettlementDate, MaturityDate, Discount, Redemption, Basis)
where,
'''SettlementDate''' - represents the settlement date.
'''MaturityDate''' - represents the maturity date.
'''Discount''' - represents the discount rate.
'''Redemption''' - represents the redemption value per $100 face value.
'''Basis''' - type of day count basis
'''Basis Day count basis'''
0 or omitted US 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
</div>
----
<div id="1SpaceContent" class="zcontent" align="left">
It returns the price per $100 face value of a discounted.
'''Formula''':-
PRICEDISC =(Redemption-Discount )x Redemption x (D/N)
where,
D - number of days from settlement to maturity.
N - number of days in year
</div>
----
<div id="7SpaceContent" class="zcontent" align="left">
If Basis < 0 or Basis > 4 , PRICEDISC returns the #ERROR.
If Discount <= 0, it returns the #ERROR.
If SettlementDate >= MaturityDate, PRICEDISC returns #ERRROR.
If Redemption <= 0, PRICEDISC returns the #ERROR.
</div>
----
<div id="12SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="left">
PRICEDISC
</div></div>
----
<div id="8SpaceContent" class="zcontent" align="left">
Lets see an example in (Column2, Row6)
<nowiki>=PRICEDISC(R1C1, R2C1, R3C1, R4C1, R5C1)</nowiki>
PRICEDISC returns 97.852841.
Consider another example
<nowiki>=PRICEDISC(date(1/1/2027),date(2/2/2008), "5%", 100,2)</nowiki>
It returns #ERROR(SettlementDate > MaturityDate).
</div>
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<div id="10SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Syntax </div><div class="ZEditBox"><center></center></div></div>
----
<div id="4SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Remarks </div></div>
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<div id="3SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Examples </div></div>
----
<div id="11SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Description </div></div>
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<div id="2SpaceContent" class="zcontent" align="left">
{| id="TABLE3" class="SpreadSheet blue"
|- class="even"
| class=" " |
| Column1
| class="sshl_f " | Column2
| Column3
| Column4
|- class="odd"
| class=" " | Row1
| class=" " | 2/2/2008
| class="sshl_f " |
|
|
|- class="even"
| class=" " | Row2
| class=" " | 11/2/2008
| class="sshl_fSelectTD SelectTD ChangeBGColor" |
|
|
|- class="odd"
| Row3
| class=" " | 5%
| class=" " |
| class=" " |
|
|- class="even"
| Row4
| class=" " | 100
|
|
|
|- class="odd"
| class=" " | Row5
| class="sshl_f " | 4
|
|
|
|- class="even"
| Row6
| class="sshl_f" | 96.263889
|
|
|
|}
<div align="left">[[Image:calci1.gif]]</div></div>
----