Manuals/calci/PRICEMAT

PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis)

where $SettlementDate$ is the security's settlement date (a date when coupon or a bond is purchased),
$MaturityDate$ is security's maturity date (a date when coupon or a bond expires),
$IssueDate$ is security's issue date (a date when coupon or a bond is issued),
$Rate$ is security's interest rate,
$YieldPercent$ is security's annual yield,
is the type of day count basis to use.
- PRICEMAT(), returns the price per $100 face value of a security that pays interest at maturity.

Description

PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis)

The function returns the price per $100 face value of security, that pays interest at maturity.
$SettlementDate$ , $MaturityDate$ and $IssueDate$ 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 $SettlementDate$ ≥ $MaturityDate$ , Calci displays #N/A error message.
$Rate$ and $YieldPercent$ values must be greater than or equal to zero, else Calci displays #N/A error message.
$Basis$ value is optional. If omitted, Calci assumes it to be 0.

Below table shows the use of $Basis$ values:

PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis) function with inputs in order is calculated as follows:

=PRICEMAT(A1,A2,A3,A4,A5,A6) : Calculates the Price Value with the inputs in the range A1 to A6. Returns 84.24817365442365.