Difference between revisions of "Manuals/calci/INTRATE"

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*[http://en.wikipedia.org/wiki/Interest_rate_derivative Interest Rate Derivative]
 
*[http://en.wikipedia.org/wiki/Interest_rate_derivative Interest Rate Derivative]
 
*[http://en.wikipedia.org/wiki/Day_count_convention Day Count Basis]
 
*[http://en.wikipedia.org/wiki/Day_count_convention Day Count Basis]
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*[[Z_API_Functions | List of Main Z Functions]]
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*[[ Z3 |  Z3 home ]]

Revision as of 05:51, 14 March 2017

INTRATE(SettlementDate, MaturityDate, Investment, Redemption, Basis)

  • where, is the security's settlement date (a date when coupon or a bond is purchased)
  • is the security's maturity date (a date when coupon or a bond expires)
  • is the amount invested in the security or a bond
  • is the amount to be received at maturity of a bond
  • is the type of day count basis to use

INTRATE() calculates the interest rate for a fully invested security.

Description

INTRATE(SettlementDate, MaturityDate, Investment, Redemption, Basis)

  • and should be entered either in 'date format' or 'dates returned using formulas'. If dates are not valid, Calci displays #N/A error message.
  • If >= , Calci displays #N/A error message.
  • If <=0 or <=0, Calci displays #N/A error message.
  • value is optional. If omitted, Calci assumes it to be 0.

Below table shows the use of values:

Basis Description
0 US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/365
  • If value is other than 0 to 4, Calci displays #N/A error message.
  • Formula:

If 'B' is number of days in a year, and 'D' is number of days from 'settlement' to maturity', then INTRATE is calculated as -

Examples

Consider the following example that shows the use of INTRATE function:

11/1/2010
2/20/2011 2/2/2014
500000 7000
800000 9000
4 1
=INTRATE(A1,A2,A3,A4,A5) displays 1.981651376146789 as a result.
=INTRATE(DATE(2013,1,1),B2,B3,B4,B5) displays 0.2622154311211943 as a result.

Related Videos

INT RATE

See Also

References