YIELDMAT(settlement, maturity, issue, rate, price, basis)

where $settlement$ is security's settlement date (a date when coupon or a bond is purchased),
$maturity$ is security's maturity date (a date when coupon or a bond expires),
$issue$ is security's issue date (a date when coupon or a bond is issued),
$rate$ is security's annual coupon rate,
$price$ is the price per $100 face value,
$basis$ is the type of day count basis to use.

YIELDMAT() calculates the annual yield on a security or a bond that pays interest at maturity.

Description

YIELDMAT is the percentage annual yield on security that pays interest at maturity.
$settlement$ , $maturity$ and $issue$ 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. $maturity$ > $settlement$ > $issue$ , else Calci displays #N/A error message.
$rate$ value must be greater than or equal to zero, else Calci displays #N/A error message.
$price$ value must be greater than zero, else Calci displays #N/A error message.
$basis$ value is optional. If omitted, Calci assumes it to be 0.

Below table shows the use of $basis$ values:

YIELDMAT(settlement, maturity, issue, rate, price, basis) function with inputs in order is calculated as follows:

=YIELDMAT(A1,A2,A3,A4,A5,A6) : Calculates the percentage annual yield with the inputs in the range A1 to A7. Returns 5.47% as a result.