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54 bytes added ,  21:57, 9 December 2013
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=PRICE(settlement, maturity, rate, yield, redemption, frequency, basis)=
 
=PRICE(settlement, maturity, rate, yield, redemption, frequency, basis)=
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*where 'settlement' is the security's settlement date (a date when coupon or a bond is purchased),  
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*where 'settlement' is security's settlement date (a date when coupon or a bond is purchased),  
*'maturity' is the security's maturity date (a date when coupon or a bond expires),  
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*'maturity' is security's maturity date (a date when coupon or a bond expires),  
*'rate' is the security's annual coupon rate,  
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*'rate' is security's annual coupon rate,  
*'yield' is the security's annual yield,
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*'yield' is security's annual yield,
 
*'redemption' is security's redemption value per $100 face value,
 
*'redemption' is security's redemption value per $100 face value,
 
*'frequency' is the number of coupon payments per year, and  
 
*'frequency' is the number of coupon payments per year, and  
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*[http://en.wikipedia.org/wiki/Bond_valuation Bond Valuation]
 
*[http://en.wikipedia.org/wiki/Bond_valuation Bond Valuation]
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*[http://en.wikipedia.org/wiki/Day_count_convention Basis Convention]
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