Manuals/calci/YIELDMAT
YIELDMAT(SettlementDate, MaturityDate, IssueDate, Rate, Price, Basis)
where,
SettlementDate - represents the settlement date.
MaturityDate - represents the maturity date.
IssueDate - represents the issue date.
Rate - represents the rate.
Price - represents the price per $100 face value.
Basis - type of day count basis
Basis Day count basis
0 or omitted US 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
It returns the annual yield that pays interest at maturity.
If Basis < 0 or Basis > 4 , YIELDMAT returns the #ERROR.
If Rate < 0 or Price <= 0, it returns the #ERROR.
If SettlementDate >= MaturityDate, YIELDMAT returns #ERROR.
YIELDMAT
Lets see an example in (Column1, Row6)
=YIELDMAT(R1C1, R2C1, R3C1, R4C1, R5C1)
YIELDMAT returns 1.651036.
Consider another example
=YIELDMATdate(2007,1,1), date(2008,2,20),DATE(2007,5,5),"6.34%" 85.12,5)
It returns #ERROR(Basis=5).
| Column1 | Column2 | Column3 | Column4 | |
| Row1 | 1/1/2008 | |||
| Row2 | 2/20/2008 | |||
| Row3 | 2/2/2007 | |||
| Row4 | 8.25% | |||
| Row5 | 80.855 | |||
| Row6 | 2 | |||
| Row7 | 1.651036 |
