# Difference between revisions of "Manuals/calci/YIELDMAT"

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*<math>Price</math> is the price per $100 face value, | *<math>Price</math> is the price per $100 face value, | ||

*<math>Basis</math> is the type of day count basis to use. | *<math>Basis</math> is the type of day count basis to use. | ||

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**YIELDMAT(), returns the annual yield of a security that pays interest at maturity. | **YIELDMAT(), returns the annual yield of a security that pays interest at maturity. | ||

## Revision as of 17:33, 22 August 2018

**YIELDMAT (Settlement,Maturity,Issue,Rate,Price,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 security's issue date (a date when coupon or a bond is issued),
- is security's annual coupon rate,
- is the price per $100 face value,
- is the type of day count basis to use.
- YIELDMAT(), returns the annual yield of a security that pays interest at maturity.

## Description

YIELDMAT (Settlement,Maturity,Issue,Rate,Price,Basis)

- YIELDMAT is the percentage annual yield on 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.
- Dates should satisfy the following condition:- > > , else Calci displays #N/A error message.
- value must be greater than or equal to zero, else Calci displays #N/A error message.
- value 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.

## Examples

YIELDMAT (Settlement,Maturity,Issue,Rate,Price,Basis) function with inputs in order is calculated as follows:

1/2/2010 | |

1/2/2012 | |

12/1/2009 | |

5.5% | |

$100 | |

0 |

=YIELDMAT(A1,A2,A3,A4,A5,A6) : Calculates the percentage annual yield with the inputs in the range A1 to A6. Returns5.47%as a result.

=YIELDMAT(DATE(2007,1,1), DATE(2008,2,20), DATE(2006,10,15), "5%", 100) : Calculates the percentage annual yield with the inputs.

Returns4.95%as a result.

## Related Videos

## See Also

## References