Difference between revisions of "Manuals/calci/PRICEDISC"
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=PRICEDISC(settlement, maturity, discount, redemption, basis)= | =PRICEDISC(settlement, maturity, discount, redemption, 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>discount</math> is security's discount rate, |
| − | * | + | *<math>redemption</math> is security's redemption value per $100 face value, and |
| − | * | + | *<math>basis</math> is the type of day count basis to use. |
PRICEDISC() calculates the price of a discounted security per $100 face value. | PRICEDISC() calculates the price of a discounted security per $100 face value. | ||
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*The function returns the price of a discounted security per $100 face value. | *The function returns the price of a discounted security per $100 face value. | ||
*PRICEDISC is calculated by subtracting discounted amount from redemption value. | *PRICEDISC is calculated by subtracting discounted amount from redemption value. | ||
| − | * | + | *<math>settlement</math> and <math>maturity</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>discount</math> value must be greater than or equal to zero, else calci displays #N/A error message. |
| − | * | + | *<math>redemption</math> value must be greater than 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 'basis' values: | Below table shows the use of 'basis' values: | ||
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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 17:11, 13 December 2013
PRICEDISC(settlement, maturity, discount, redemption, basis)
- where is the 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 discount rate,
- is security's redemption value per $100 face value, and
- is the type of day count basis to use.
is the 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 discount rate,
is security's redemption value per $100 face value, and
is the type of day count basis to use.PRICEDISC() calculates the price of a discounted security per $100 face value.
Description
PRICEDISC(settlement, maturity, discount, redemption, basis)
- The function returns the price of a discounted security per $100 face value.
- PRICEDISC is calculated by subtracting discounted amount from redemption value.
- 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.
- value must be greater than or equal to zero, else calci displays #N/A error message.
- value must be greater than zero, else Calci displays #N/A error message.
- value is optional. If omitted, Calci assumes it to be 0.
Below table shows the use of 'basis' 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.
Examples
PRICEDISC(settlement, maturity, discount, redemption, basis) function with inputs in order is calculated as follows:
| 2/2/2008 | |
| 11/2/2016 | |
| 5% | |
| $100 | |
| 1 |
=PRICEDISC(A1,A2,A3,A4,A5) : Calculates the Discounted Price Value with the inputs in the range A1 to A5. Returns 56.33879781420765.