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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.
    • YIELDDISC(), returns the annual yield for a discounted security; for example, a Treasury bill.


YIELDDISC (Settlement,Maturity,Price,Redemption,Basis)

  • YIELDDISC referred to as 'Discount Yield' is the measure of security's percentage return.


  • 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.

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.


YIELDDISC (Settlement,Maturity,Price,Redemption,Basis) function with inputs in order is calculated as follows:

=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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