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Created page with "<div id="6SpaceContent" class="zcontent" align="left"> '''YIELD'''(SettlementDate, MaturityDate, Rate, Price, Redemption, Frequency, Basis) where, '''SettlementDate''..."
<div id="6SpaceContent" class="zcontent" align="left">
'''YIELD'''(SettlementDate, MaturityDate, Rate, Price, Redemption, Frequency, Basis)
where,
'''SettlementDate''' - represents the settlement date.
'''MaturityDate''' - represents the maturity date.
'''Rate''' - represents the rate.
'''Price''' - represents the price per $100 face value.
'''Redemption''' - is the redemption value per $100 face value.
'''Frequency''' - the number of coupon payment per year.
'''Payments frequency'''
annual 1
semiannual 2
quarterly 4
'''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>
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<div id="1SpaceContent" class="zcontent" align="left">
It returns the yield that pays periodic interest.
'''Formula''':-
If 1 coupon period or less than Redemption
YIELD={[(Redemption/100)+(Rate/Frequency)]-
[(Par/100)+((B/C) x (Rate/Frequency))]} / [(Par/100)+((A/C) x (Rate/Frequency))] x( Frequeny x C)/N
where,
B - number of daysfrom the beginning of the period to the settlement date.
C - number of days in the coupon period.
N - number of days from settlement to redemption value.
</div>
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<div id="7SpaceContent" class="zcontent" align="left">
If Basis < 0 or Basis > 4 , YIELD returns the #ERROR.
If Rate < 0 or Price <= 0 or Redemption <=0, it returns the #ERROR.
If SettlementDate >= MaturityDate, YIELD returns #ERROR.
If Frequency other than 1, 2 or 4 returns the #ERROR.
</div>
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<div id="12SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="left">
YIELD
</div></div>
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<div id="8SpaceContent" class="zcontent" align="left">
Lets see an example in (Column2, Row1)
<nowiki>=YIELD(R1C1, R2C1, R3C1, R4C1, R5C1,R6C1,R7C1)</nowiki>
YIELD returns 47.950201.
Consider another example
<nowiki>=YIELD(date(2007,1,1), date(2008,2,20), "15%", 89.25,100,1,5)</nowiki>
It returns #ERROR(Basis=5).
</div>
----
<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=" " |
<div id="2EditDiv" class="tab active"></div><div id="2Space_Copy" class="zhandles"></div>
| class=" " | Column1
| class=" " | Column2
| Column3
| Column4
|- class="odd"
| class=" " | Row1
| class=" " | 1/2/2008
| class="sshl_f" | 47.950201
| class=" " |
| class=" sshl_f " |
|- class="even"
| class=" " | Row2
| class=" " | 2/20/2008
| class=" sshl_f " |
| class=" " |
| class=" " |
|- class="odd"
| Row3
| class=" " | 12%
| class=" " |
| class=" SelectTD SelectTD ChangeBGColor" |
<div id="2Space_Handle" class="zhandles" title="Click and Drag to resize CALCI Column/Row/Cell. It is EZ!"></div><div id="2Space_Copy" class="zhandles" title="Click and Drag over to AutoFill other cells."></div><div id="2Space_Drag" class="zhandles" title="Click and Drag to Move/Copy Area.">[[Image:copy-cube.gif]] </div>
| class=" " |
|- class="even"
| Row4
| class=" " | 56.268
| class=" " |
| class=" " |
| class=" " |
|- class="odd"
| class=" " | Row5
| class=" " | 100
| class=" " |
| class=" " |
| class=" " |
|- class="even"
| class="sshl_f" | Row6
| class=" " | 1
| class=" " |
| class=" " |
| class=" " |
|- class="odd"
| class="sshl_f" | Row7
| class="sshl_f " | 4
| class=" " |
| class=" " |
| class=" " |
|}
<div align="left">[[Image:calci1.gif]]</div></div>
----
'''YIELD'''(SettlementDate, MaturityDate, Rate, Price, Redemption, Frequency, Basis)
where,
'''SettlementDate''' - represents the settlement date.
'''MaturityDate''' - represents the maturity date.
'''Rate''' - represents the rate.
'''Price''' - represents the price per $100 face value.
'''Redemption''' - is the redemption value per $100 face value.
'''Frequency''' - the number of coupon payment per year.
'''Payments frequency'''
annual 1
semiannual 2
quarterly 4
'''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 yield that pays periodic interest.
'''Formula''':-
If 1 coupon period or less than Redemption
YIELD={[(Redemption/100)+(Rate/Frequency)]-
[(Par/100)+((B/C) x (Rate/Frequency))]} / [(Par/100)+((A/C) x (Rate/Frequency))] x( Frequeny x C)/N
where,
B - number of daysfrom the beginning of the period to the settlement date.
C - number of days in the coupon period.
N - number of days from settlement to redemption value.
</div>
----
<div id="7SpaceContent" class="zcontent" align="left">
If Basis < 0 or Basis > 4 , YIELD returns the #ERROR.
If Rate < 0 or Price <= 0 or Redemption <=0, it returns the #ERROR.
If SettlementDate >= MaturityDate, YIELD returns #ERROR.
If Frequency other than 1, 2 or 4 returns the #ERROR.
</div>
----
<div id="12SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="left">
YIELD
</div></div>
----
<div id="8SpaceContent" class="zcontent" align="left">
Lets see an example in (Column2, Row1)
<nowiki>=YIELD(R1C1, R2C1, R3C1, R4C1, R5C1,R6C1,R7C1)</nowiki>
YIELD returns 47.950201.
Consider another example
<nowiki>=YIELD(date(2007,1,1), date(2008,2,20), "15%", 89.25,100,1,5)</nowiki>
It returns #ERROR(Basis=5).
</div>
----
<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=" " |
<div id="2EditDiv" class="tab active"></div><div id="2Space_Copy" class="zhandles"></div>
| class=" " | Column1
| class=" " | Column2
| Column3
| Column4
|- class="odd"
| class=" " | Row1
| class=" " | 1/2/2008
| class="sshl_f" | 47.950201
| class=" " |
| class=" sshl_f " |
|- class="even"
| class=" " | Row2
| class=" " | 2/20/2008
| class=" sshl_f " |
| class=" " |
| class=" " |
|- class="odd"
| Row3
| class=" " | 12%
| class=" " |
| class=" SelectTD SelectTD ChangeBGColor" |
<div id="2Space_Handle" class="zhandles" title="Click and Drag to resize CALCI Column/Row/Cell. It is EZ!"></div><div id="2Space_Copy" class="zhandles" title="Click and Drag over to AutoFill other cells."></div><div id="2Space_Drag" class="zhandles" title="Click and Drag to Move/Copy Area.">[[Image:copy-cube.gif]] </div>
| class=" " |
|- class="even"
| Row4
| class=" " | 56.268
| class=" " |
| class=" " |
| class=" " |
|- class="odd"
| class=" " | Row5
| class=" " | 100
| class=" " |
| class=" " |
| class=" " |
|- class="even"
| class="sshl_f" | Row6
| class=" " | 1
| class=" " |
| class=" " |
| class=" " |
|- class="odd"
| class="sshl_f" | Row7
| class="sshl_f " | 4
| class=" " |
| class=" " |
| class=" " |
|}
<div align="left">[[Image:calci1.gif]]</div></div>
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