Difference between revisions of "Manuals/calci/YIELDDISC"
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| − | =YIELDDISC( | + | <div style="font-size:30px">'''YIELDDISC (Settlement,Maturity,Price,Redemption,Basis)'''</div><br/> |
| − | *where <math> | + | *where <math>Settlement</math> is security's settlement date (a date when coupon or a bond is purchased), |
| − | *<math> | + | *<math>Maturity</math> is security's maturity date (a date when coupon or a bond expires), |
| − | *<math> | + | *<math>Price</math> is the price per $100 face value, |
| − | *<math> | + | *<math>Redemption</math> is security's redemption value per $100 face value, |
| − | *<math> | + | *<math>Basis</math> is the type of day count basis to use. |
| − | YIELDDISC() | + | YIELDDISC(), returns the annual yield for a discounted security; for example, a Treasury bill. |
== Description == | == Description == | ||
| − | YIELDDISC( | + | YIELDDISC (Settlement,Maturity,Price,Redemption,Basis) |
*YIELDDISC referred to as 'Discount Yield' is the measure of security's percentage return. | *YIELDDISC referred to as 'Discount Yield' is the measure of security's percentage return. | ||
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*<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. | *<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 <math> | + | *If <math>Settlement</math> date = <math>Maturity</math> date, Calci displays #N/A error message. |
| − | *<math> | + | *<math>Price</math> and <math>Redemption</math> values must be greater than 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" | ||
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|} | |} | ||
| − | *If <math> | + | *If <math>Basis</math> value is other than 0 to 4, Calci displays #N/A error message. |
== Examples == | == Examples == | ||
| − | YIELDDISC( | + | YIELDDISC (Settlement,Maturity,Price,Redemption,Basis) function with inputs in order is calculated as follows: |
<div id="2SpaceContent" class="zcontent" align="left"> | <div id="2SpaceContent" class="zcontent" align="left"> | ||
Revision as of 16:46, 1 August 2018
YIELDDISC (Settlement,Maturity,Price,Redemption,Basis)
- where is 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 the price per $100 face value,
- is security's redemption value per $100 face value,
- is the type of day count basis to use.
is 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 the price per $100 face value,
is security's redemption value per $100 face value,
is the type of day count basis to use.YIELDDISC(), returns the annual yield for a discounted security; for example, a Treasury bill.
Description
YIELDDISC (Settlement,Maturity,Price,Redemption,Basis)
- YIELDDISC referred to as 'Discount Yield' is the measure of security's percentage return.
Formula:-
- 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.
- and values must be greater than zero, else Calci displays #N/A error message.
- value is optional. If omitted, Calci assumes it to be 0.
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.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 30/360 |
- If value is other than 0 to 4, Calci displays #N/A error message.
Examples
YIELDDISC (Settlement,Maturity,Price,Redemption,Basis) function with inputs in order is calculated as follows:
| 1/1/2008 | |
| 20/2/2008 | |
| 95.58 | |
| 100 | |
| 2 |
=YIELDDISC(A1,A2,A3,A4,A5) : Calculates the discount yield Value with the inputs in the range A1 to A5. Returns 33.3% as a result. =YIELDDISC(DATE(2007,1,1), DATE(2008,2,20), 85.12, 100) : Calculates the discount yield Value with the inputs. Returns 15.39% as a result.
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See Also
References