Difference between revisions of "Manuals/calci/PRICEMAT"
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*'basis' is the type of day count basis to use. | *'basis' 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. |
== Description == | == Description == | ||
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PRICEMAT(settlement, maturity, issue, rate, yield, basis) | PRICEMAT(settlement, maturity, issue, rate, yield, basis) | ||
| − | *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. |
| − | *Settlement and | + | *Settlement, maturity and 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 settlement date ≥ maturity date, Calci displays #N/A error message. | *If settlement date ≥ maturity date, Calci displays #N/A error message. | ||
*'rate' and 'yield' values must be greater than or equal to zero, else Calci displays #N/A error message. | *'rate' and 'yield' values must be greater than or equal to zero, else Calci displays #N/A error message. | ||
| Line 54: | Line 54: | ||
|- class="even" | |- class="even" | ||
| − | | class="sshl_f" | | + | | class="sshl_f" | 1/2/2008 |
| class="sshl_f" | | | class="sshl_f" | | ||
|- class="odd" | |- class="odd" | ||
| − | | class="sshl_f" | | + | | class="sshl_f" | 5% |
| class="sshl_f" | | | class="sshl_f" | | ||
|- class="even" | |- class="even" | ||
| − | | class="sshl_f" | | + | | class="sshl_f" | 8% |
| class="sshl_f" | | | class="sshl_f" | | ||
| Line 69: | Line 69: | ||
| class="sshl_f" | | | class="sshl_f" | | ||
| − | |||
| − | |||
| − | |||
|} | |} | ||
| − | =PRICEMAT(A1,A2,A3,A4,A5,A6) : Calculates the Price Value with the inputs in the range A1 to | + | =PRICEMAT(A1,A2,A3,A4,A5,A6) : Calculates the Price Value with the inputs in the range A1 to A6. Returns ''84.24817365442365''. |
== See Also == | == See Also == | ||
Revision as of 17:11, 9 December 2013
PRICEMAT(settlement, maturity, issue, rate, yield, basis)
- where 'settlement' is the security's settlement date (a date when coupon or a bond is purchased),
- 'maturity' is security's maturity date (a date when coupon or a bond expires),
- 'issue' is security's issue date (a date when coupon or a bond is issued),
- 'rate' is security's interest rate,
- 'yield' is security's annual yield,
- 'basis' 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.
- Settlement, maturity and 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 settlement date ≥ maturity date, Calci displays #N/A error message.
- 'rate' and 'yield' 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:
| Basis | Description |
|---|---|
| 0 | US (NASD) 30/360 |
| 1 | Actual/actual |
| 2 | Actual/360 |
| 3 | Actual/365 |
| 4 | European 30/365 |
- If '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.