Difference between revisions of "Manuals/calci/TBILLYIELD"

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(Created page with "<div id="6SpaceContent" class="zcontent" align="left"> '''TBILLYIELD'''(SettlementDate, MaturityDate, Price) where, '''SettlementDate '''- represents the Treasury b...")
 
 
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<div id="6SpaceContent" class="zcontent" align="left">
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<div style="font-size:30px">'''TBILLYIELD (Settlement,Maturity,Price)'''</div><br/>
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where,
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*<math>Settlement</math> is the Treasury Bill's settlement date (a date when the Treasury Bill is purchased)
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*<math>Maturity</math> is the Treasury Bill's maturity date (a date when the Treasury Bill expires)
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*<math>Price</math> is the Treasury Bill's price per $100 face value.
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**TBILLYIELD() returns the yield for a Treasury bill.
  
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'''TBILLYIELD'''(SettlementDate, MaturityDate, Price)
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== Description ==
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TBILLYIELD (Settlement,Maturity,Price)
  
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where,
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*<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.
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*If <math>Settlement</math> &gt;= <math>Maturity</math>, Calci displays #N/A error message.
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*<math>Maturity</math> should not be more than one year than that of <math>SettlementDate</math>. Else, Calci displays #N/A error message.
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*If <math>Price</math> &lt;=0, Calci displays #N/A error message.
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*Formula:
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If 'N' is number of days from 'Settlement' to 'Maturity', then TBILLYIELD is calculated as -
  
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'''SettlementDate '''- represents the Treasury bill's settlement date.
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<math>TBILLYIELD = \frac{(100 - Price)}{Price} * \frac{360}{N}</math>
  
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'''MaturityDate''' - represents the Treasury bill's maturity date.
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== Examples ==
  
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'''Price '''- represents the Treasury bill's price per $100 face value.
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Consider the following example that shows the use of TBILLYIELD function:
  
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</div>
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<div id="2SpaceContent" class="zcontent" align="left">
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----
 
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<div id="1SpaceContent" class="zcontent" align="left">
 
  
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It returns the yield for a Treasury bill.
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{| id="TABLE3" class="SpreadSheet blue"
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|- class="even"
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| class="sshl_f" | 06/25/2014
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| class=" " |
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| class=" " |
  
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'''Formula''' :-
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|- class="odd"
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| class="sshl_f" | 10/25/2014
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| class=" " |
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| class=" " |
  
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TBILLYIELD = ((100-Price)/Price) X (360 x N)
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|- class="even"
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| class="sshl_f" | 97.5
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| class=" " |
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| class=" " |
  
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where,
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|- class="odd"
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| class="sshl_f" |
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N - Number of days between settlement an maturity date.
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| class=" " |
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| class=" " |
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</div>
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|}
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----
 
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<div id="7SpaceContent" class="zcontent" align="left">
 
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If SettlementDate &gt;= MaturityDate, TBILLYIELD returns the #ERROR.
 
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If Price &lt;= 0, it returns the #ERROR.
 
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</div>
 
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<div id="12SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="left">
 
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TBILLYIELD
 
  
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</div></div>
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=TBILLYIELD(A1,A2,A3) : Calculates the yield for treasury bill with the input values from the cells A1 to A3. <br />Returns '''0.07566204287515763''' as a result.
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----
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=TBILLYIELD(DATE(2013,10,20),DATE(2014,6,20),93.9) : Calculates the yield for treasury bill <br />with the values mentioned as arguments. Returns '''0.09624107600678411''' as a result.
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<div id="8SpaceContent" class="zcontent" align="left">
 
  
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Lets see an example in (Column1, Row1)
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==Related Videos==
  
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<nowiki>=TBILLYIELD(DATE(2008,1,1),DATE(2008,2,20),55.85)</nowiki>
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{{#ev:youtube|v=0CCcKeuXy60|280|center|TBILLYIELD}}
  
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TBILLYIELD returns 5.691674.
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== See Also ==
  
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Consider an another example
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*[[Manuals/calci/TBILLEQ | TBILLEQ]]
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*[[Manuals/calci/TBILLPRICE | TBILLPRICE]]
  
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<nowiki>=TBILLYIELD(DATE(DATE(2007/4/1),DATE(2008,5,1),-4)</nowiki>
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== References ==
  
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It returns #ERROR(Price =-4).
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*[http://en.wikipedia.org/wiki/Treasury_bill#Treasury_bill Treasury Bill]
  
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</div>
 
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<div id="10SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Syntax </div><div class="ZEditBox"><center></center></div></div>
 
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<div id="4SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Remarks </div></div>
 
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<div id="3SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Examples </div></div>
 
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<div id="11SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Description </div></div>
 
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{| id="TABLE3" class="SpreadSheet blue"
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*[[Z_API_Functions | List of Main Z Functions]]
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<div id="2Space_Handle" class="zhandles" title="Click and Drag to resize CALCI Column/Row/Cell. It is EZ!"></div><div id="2Space_Copy" class="zhandles" title="Click and Drag over to AutoFill other cells."></div><div id="2Space_Drag" class="zhandles" title="Click and Drag to Move/Copy Area.">[[Image:copy-cube.gif]]  </div>
 
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<div align="left">[[Image:calci1.gif]]</div></div>
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*[[ Z3 |  Z3 home ]]
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Latest revision as of 16:13, 16 November 2018

TBILLYIELD (Settlement,Maturity,Price)


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 price per $100 face value.
    • TBILLYIELD() returns the yield for a Treasury bill.

Description

TBILLYIELD (Settlement,Maturity,Price)

  • 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 more than one year than that of . 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 TBILLYIELD is calculated as -

Examples

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

06/25/2014
10/25/2014
97.5 
=TBILLYIELD(A1,A2,A3) : Calculates the yield for treasury bill with the input values from the cells A1 to A3. 
Returns 0.07566204287515763 as a result.
=TBILLYIELD(DATE(2013,10,20),DATE(2014,6,20),93.9) : Calculates the yield for treasury bill 
with the values mentioned as arguments. Returns 0.09624107600678411 as a result.

Related Videos

TBILLYIELD

See Also

References


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