Difference between revisions of "Manuals/calci/PRICE"
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| − | =PRICE( | + | <div style="font-size:30px">'''PRICE (Settlement,MaturityDate,Rate,Yield,RedemptionValue,Frequency,Basis)'''</div><br/> |
| − | + | *where <math>Settlement</math> is security's settlement date (a date when coupon or a bond is purchased), | |
| − | *where <math> | + | *<math>MaturityDate</math> is security's maturity date (a date when coupon or a bond expires), |
| − | *<math> | + | *<math>Rate</math> is security's annual coupon rate, |
| − | *<math> | + | *<math>Yield</math> is security's annual yield, |
| − | *<math> | + | *<math>RedemptionValue</math> is security's redemption value per $100 face value, |
| − | *<math> | + | *<math>Frequency</math> is the number of coupon payments per year, and |
| − | *<math> | + | *<math>Basis</math> is the type of day count basis to use. |
| − | *<math> | + | **PRICE(), returns the price per $100 face value of a security that pays periodic interest. |
| − | |||
| − | PRICE() | ||
== Description == | == Description == | ||
| − | PRICE( | + | PRICE(Settlement,MaturityDate,Rate,Yield,RedemptionValue,Frequency,Basis) |
*The function returns the price per $100 face value of security that pays periodic interest. | *The function returns the price per $100 face value of security that pays periodic interest. | ||
| − | *<math>settlement</math> and <math> | + | *<math>settlement</math> and <math>MaturityDate</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> | + | *If <math>Settlement</math> date ≥ <math>MaturityDate</math> date, Calci displays #N/A error message. |
| − | *<math> | + | *<math>Rate</math> and <math>yield</math> values must be greater than or equal to zero, else Calci displays #N/A error message. |
| − | *<math> | + | *<math>RedemptionValue</math> value must be greater than zero, else Calci displays #N/A error message. |
| − | *The values for <math> | + | *The values for <math>Frequency</math> should be 1,2 or 4. |
| − | For Annual payment, <math> | + | For Annual payment, <math>Frequency</math> = 1, |
| − | For Semi-annual payment, <math> | + | For Semi-annual payment, <math>Frequency</math> = 2, |
| − | For Quarterly payment, <math> | + | For Quarterly payment, <math>Frequency</math> = 4. |
| − | *<math> | + | *<math>Basis</math> value is optional. If omitted, Calci assumes it to be 0. |
| − | Below table shows the use of <math> | + | Below table shows the use of <math>Basis</math> values: |
{| class="wikitable" | {| class="wikitable" | ||
| Line 45: | Line 43: | ||
|} | |} | ||
| − | *If <math> | + | *If <math>Basis</math> value is other than 0 to 4, Calci displays #N/A error message. |
== Examples == | == Examples == | ||
| − | PRICE( | + | PRICE (Settlement,MaturityDate,Rate,Yield,RedemptionValue,Frequency,Basis) function with inputs in order is calculated as follows: |
<div id="2SpaceContent" class="zcontent" align="left"> | <div id="2SpaceContent" class="zcontent" align="left"> | ||
| Line 71: | Line 69: | ||
|- class="even" | |- class="even" | ||
| − | | class="sshl_f" | | + | | class="sshl_f" | 100 |
| class="sshl_f" | | | class="sshl_f" | | ||
| Line 84: | Line 82: | ||
=PRICE(A1,A2,A3,A4,A5,A6,A7) : Calculates the Price Value with the inputs in the range A1 to A7. Returns ''81.36538958112115''. | =PRICE(A1,A2,A3,A4,A5,A6,A7) : Calculates the Price Value with the inputs in the range A1 to A7. Returns ''81.36538958112115''. | ||
| + | |||
| + | ==Related Videos== | ||
| + | |||
| + | {{#ev:youtube|tJLR3se4Pa4|280|center|PRICE}} | ||
== See Also == | == See Also == | ||
| Line 94: | Line 96: | ||
*[http://en.wikipedia.org/wiki/Bond_valuation Bond Valuation] | *[http://en.wikipedia.org/wiki/Bond_valuation Bond Valuation] | ||
*[http://en.wikipedia.org/wiki/Day_count_convention Basis Convention] | *[http://en.wikipedia.org/wiki/Day_count_convention Basis Convention] | ||
| + | |||
| + | |||
| + | |||
| + | *[[Z_API_Functions | List of Main Z Functions]] | ||
| + | |||
| + | *[[ Z3 | Z3 home ]] | ||
Latest revision as of 16:29, 22 August 2018
PRICE (Settlement,MaturityDate,Rate,Yield,RedemptionValue,Frequency,Basis)
- where is security's settlement date (a date when coupon or a bond is purchased),
- is security's maturity date (a date when coupon or a bond expires),
- is security's annual coupon rate,
- is security's annual yield,
- is security's redemption value per $100 face value,
- is the number of coupon payments per year, and
- is the type of day count basis to use.
- PRICE(), returns the price per $100 face value of a security that pays periodic interest.
is security's settlement date (a date when coupon or a bond is purchased),
is security's maturity date (a date when coupon or a bond expires),
is security's annual coupon rate,
is security's annual yield,
is security's redemption value per $100 face value,
is the number of coupon payments per year, and
is the type of day count basis to use.
Description
PRICE(Settlement,MaturityDate,Rate,Yield,RedemptionValue,Frequency,Basis)
- The function returns the price per $100 face value of security that pays periodic interest.
- and 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 date ≥ date, Calci displays #N/A error message.
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Rate} and Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle yield} values must be greater than or equal to zero, else Calci displays #N/A error message.
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle RedemptionValue} value must be greater than zero, else Calci displays #N/A error message.
- The values for Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Frequency} should be 1,2 or 4.
and For Annual payment, Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Frequency} = 1,
For Semi-annual payment, Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Frequency} = 2,
For Quarterly payment, Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Frequency} = 4.
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Basis} value is optional. If omitted, Calci assumes it to be 0.
Below table shows the use of Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Basis} values:
| Basis | Description |
|---|---|
| 0 | US (NASD) 30/360 |
| 1 | Actual/actual |
| 2 | Actual/360 |
| 3 | Actual/365 |
| 4 | European 30/365 |
- If Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Basis} value is other than 0 to 4, Calci displays #N/A error message.
Examples
PRICE (Settlement,MaturityDate,Rate,Yield,RedemptionValue,Frequency,Basis) function with inputs in order is calculated as follows:
| 2/2/2008 | |
| 11/2/2016 | |
| 5% | |
| 8% | |
| 100 | |
| 2 | |
| 0 |
=PRICE(A1,A2,A3,A4,A5,A6,A7) : Calculates the Price Value with the inputs in the range A1 to A7. Returns 81.36538958112115.
Related Videos
See Also
References