Difference between revisions of "Manuals/calci/PRICEMAT"
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=PRICEMAT(settlement, maturity, issue, rate, yield, basis)= | =PRICEMAT(settlement, maturity, issue, rate, yield, basis)= | ||
| − | *where | + | *where <math>settlement</math> is the 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>issue</math> is security's issue date (a date when coupon or a bond is issued), |
| − | * | + | *<math>rate</math> is security's interest rate, |
| − | * | + | *<math>yield</math> is security's annual yield, |
| − | * | + | *<math>basis</math> is the type of day count basis to use. |
PRICEMAT() calculates the price per $100 face value of security, that pays interest at maturity. | PRICEMAT() calculates the price per $100 face value of security, that pays interest at maturity. | ||
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*The function returns the price per $100 face value of security, that pays interest at maturity. | *The function returns the price per $100 face value of 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. |
| − | *If settlement date ≥ maturity date, Calci displays #N/A error message. | + | *If <math>settlement</math> date ≥ <math>maturity</math> date, Calci displays #N/A error message. |
| − | * | + | *<math>rate</math> and <math>yield</math> values must be greater than or equal to zero, else Calci displays #N/A error message. |
| − | * | + | *<math>basis</math> value is optional. If omitted, Calci assumes it to be 0. |
| − | Below table shows the use of | + | Below table shows the use of <math>basis</math> values: |
{| class="wikitable" | {| class="wikitable" | ||
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|} | |} | ||
| − | *If | + | *If <math>basis</math> value is other than 0 to 4, Calci displays #N/A error message. |
== Examples == | == Examples == | ||
Revision as of 17:19, 13 December 2013
PRICEMAT(settlement, maturity, issue, rate, yield, basis)
- where 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 settlement} is the security's settlement date (a date when coupon or a bond is purchased),
- 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 maturity} is security's maturity date (a date when coupon or a bond expires),
- 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 issue} is security's issue date (a date when coupon or a bond is issued),
- 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} is security's interest rate,
- 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} is security's annual yield,
- is the type of day count basis to use.
is the type of day count basis to use.PRICEMAT() calculates the price per $100 face value of security, that pays interest at maturity.
Description
PRICEMAT(settlement, maturity, issue, rate, yield, basis)
- The function returns the price per $100 face value of security, that pays interest at maturity.
- 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 settlement} , 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 maturity} 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 issue} 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 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 settlement} date ≥ 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 maturity} 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 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
PRICEMAT(settlement, maturity, issue, rate, yield, basis) function with inputs in order is calculated as follows:
| 2/2/2008 | |
| 11/2/2016 | |
| 1/2/2008 | |
| 5% | |
| 8% | |
| 2 |
=PRICEMAT(A1,A2,A3,A4,A5,A6) : Calculates the Price Value with the inputs in the range A1 to A6. Returns 84.24817365442365.