Difference between revisions of "Manuals/calci/TBILLEQ"
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| − | =TBILLEQ( | + | <div style="font-size:30px">'''TBILLEQ (Settlement,Maturity,Discount)'''</div><br/> |
where, | where, | ||
| − | *<math> | + | *<math>Settlement</math> is the Treasury Bill's settlement date (a date when the Treasury Bill is purchased) |
| − | *<math> | + | *<math>Maturity</math> is the Treasury Bill's maturity date (a date when the Treasury Bill expires) |
*<math>Discount</math> is the Treasury Bill's discount rate. | *<math>Discount</math> is the Treasury Bill's discount rate. | ||
| − | TBILLEQ() | + | TBILLEQ(), returns the bond-equivalent yield for a Treasury bill. |
== Description == | == Description == | ||
| − | TBILLEQ( | + | TBILLEQ (Settlement,Maturity,Discount) |
| − | *<math> | + | *<math>Settlement</math> and <math>Maturity</math> 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>Settlement</math> >= <math>Maturity</math>, Calci displays #N/A error message. |
| − | *<math> | + | *<math>Maturity</math> should not be greater than one year from <math>Settlement</math>. Else, Calci displays #N/A error message. |
*If <math>Discount</math> <=0, Calci displays #N/A error message. | *If <math>Discount</math> <=0, Calci displays #N/A error message. | ||
*Formula: | *Formula: | ||
Revision as of 16:54, 27 July 2018
TBILLEQ (Settlement,Maturity,Discount)
where,
- is the Treasury Bill's settlement date (a date when the Treasury Bill is purchased)
- is the Treasury Bill's maturity date (a date when the Treasury Bill expires)
- is the Treasury Bill's discount rate.
is the Treasury Bill's settlement date (a date when the Treasury Bill is purchased)
is the Treasury Bill's maturity date (a date when the Treasury Bill expires)
is the Treasury Bill's discount rate.TBILLEQ(), returns the bond-equivalent yield for a Treasury bill.
Description
TBILLEQ (Settlement,Maturity,Discount)
- 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.
- should not be greater than one year from . Else, Calci displays #N/A error message.
- If <=0, Calci displays #N/A error message.
- Formula:
If 'N' is number of days from 'Settlement' to 'Maturity', then TBILLEQ is calculated as -
Examples
Consider the following example that shows the use of TBILLEQ function:
| 01/01/2010 | ||
| 11/20/2010 | ||
| 5.85% | ||
=TBILLEQ(A1,A2,A3) : Calculates the bond equivalent yield for the Treasury Bill for values in the range A1 to A3.
Displays 6.26% as a result. =TBILLEQ(DATE(2013,10,20),DATE(2014,6,20),9%) : Calculates the bond equivalent yield for the Treasury Bill
for mentioned values. Displays 9.72% as a result.
Related Videos
See Also
References