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2,661 bytes added , 02:45, 25 October 2013

Created page with "<div id="6SpaceContent" class="zcontent" align="left"> '''TBILLPRICE'''(SettlementDate, MaturityDate, Discount) where, '''SettlementDate '''- represents the Treasur..."

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'''TBILLPRICE'''(SettlementDate, MaturityDate, Discount)

where,

'''SettlementDate '''- represents the Treasury bill's settlement date.

'''MaturityDate''' - represents the Treasury bill's maturity date.

'''Discount '''- represents the Treasury bill's discount rate

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It returns the price per $100 face value for a Treasury bill.

'''Formula''' :-

TBILLEPRICE = 100 X (1-(Discount x N)/360)

where,

N - Number of days between settlement an maturity date.

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If SettlementDate > MaturityDate, TBILLPRICE returns the #ERROR.

If Discount <= 0, it returns the #ERROR.

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TBILLPRICE

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Lets see an example in (Column1, Row1)

<nowiki>=TBILLPRICE(DATE(2008,1,1),DATE(2008,2,20),"5.85%")</nowiki>

TBILLPRICE returns 99.1875.

Consider an another example

<nowiki>=TBILLPRICE(DATE(DATE(2007/4/1),DATE(2008,5,1),"-4%")</nowiki>

It returns #ERROR(discount=-4%).

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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>
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<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>
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<div id="11SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Description </div></div>
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Revision as of 02:45, 25 October 2013

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