Difference between revisions of "Manuals/calci/PRICEMAT"
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| − | =PRICEMAT( | + | <div style="font-size:30px">'''PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis)'''</div><br/> |
| − | *where <math> | + | *where <math>SettlementDate</math> is the security's settlement date (a date when coupon or a bond is purchased), |
| − | *<math> | + | *<math>MaturityDate</math> is security's maturity date (a date when coupon or a bond expires), |
| − | *<math> | + | *<math>IssueDate</math> is security's issue date (a date when coupon or a bond is issued), |
| − | *<math> | + | *<math>Rate</math> is security's interest rate, |
| − | *<math> | + | *<math>YieldPercent</math> is security's annual yield, |
| − | *<math> | + | *<math>Basis</math> 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. | |
| − | PRICEMAT() | ||
== Description == | == Description == | ||
| − | + | PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis) | |
| − | PRICEMAT( | ||
*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. | ||
| − | *<math> | + | *<math>SettlementDate</math>, <math>MaturityDate</math> and <math>IssueDate</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 <math> | + | *If <math>SettlementDate</math> ≥ <math>MaturityDate</math> , Calci displays #N/A error message. |
| − | *<math> | + | *<math>Rate</math> and <math>YieldPercent</math> values must be greater than or equal to zero, else Calci displays #N/A error message. |
| − | *<math> | + | *<math>Basis</math> value is optional. If omitted, Calci assumes it to be 0. |
| − | Below table shows the use of <math> | + | Below table shows the use of <math>Basis</math> values: |
{| class="wikitable" | {| class="wikitable" | ||
| Line 36: | Line 34: | ||
|} | |} | ||
| − | *If <math> | + | *If <math>Basis</math> value is other than 0 to 4, Calci displays #N/A error message. |
== Examples == | == Examples == | ||
| − | PRICEMAT( | + | PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis) function with inputs in order is calculated as follows: |
<div id="2SpaceContent" class="zcontent" align="left"> | <div id="2SpaceContent" class="zcontent" align="left"> | ||
| Line 75: | Line 73: | ||
==Related Videos== | ==Related Videos== | ||
| − | {{#ev:youtube| | + | {{#ev:youtube|v=m_ahBi3n0Dk|280|center|PRICEMAT}} |
== See Also == | == See Also == | ||
| Line 86: | Line 84: | ||
*[http://en.wikipedia.org/wiki/Bond_valuation Bond Valuation] | *[http://en.wikipedia.org/wiki/Bond_valuation Bond Valuation] | ||
*[http://en.wikipedia.org/wiki/Day_count_convention Basis Convention] | *[http://en.wikipedia.org/wiki/Day_count_convention Basis Convention] | ||
| + | |||
| + | |||
| + | |||
| + | *[[Z_API_Functions | List of Main Z Functions]] | ||
| + | |||
| + | *[[ Z3 | Z3 home ]] | ||
Latest revision as of 16:03, 16 November 2018
PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,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 issue date (a date when coupon or a bond is issued),
- is security's interest rate,
- 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.
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 issue date (a date when coupon or a bond is issued),
is security's interest rate,
is security's annual yield,
is the type of day count basis to use.
Description
PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis)
- The function returns the price per $100 face value of security, that pays interest at maturity.
- , 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 ≥ , Calci displays #N/A error message.
- and values must be greater than or equal to 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 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
PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,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.
Related Videos
See Also
References