Manuals/calci/PRICEDISC

PRICEDISC (SettlementDate,MaturityDate,DiscountRate,RedemptionValue,Basis)

where $SettlementDate$ is the security's settlement date (a date when coupon or a bond is purchased),
$MaturityDate$ is security's maturity date (a date when coupon or a bond expires),
$DiscountRate$ is security's discount rate,
$RedemptionValue$ is security's redemption value per $100 face value, and
is the type of day count basis to use.
- PRICEDISC(), returns the price per $100 face value of a discounted security.

Description

PRICEDISC (SettlementDate,MaturityDate,DiscountRate,RedemptionValue,Basis)

The function returns the price of a discounted security per $100 face value.
PRICEDISC is calculated by subtracting discounted amount from redemption value.
$SettlementDate$ and $MaturityDate$ 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 $SettlementDate$ ≥ $MaturityDate$ , Calci displays #N/A error message.
$DiscountRate$ value must be greater than or equal to zero, else calci displays #N/A error message.
$RedemptionValue$ 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:

PRICEDISC (SettlementDate,MaturityDate,DiscountRate,RedemptionValue,Basis) function with inputs in order is calculated as follows:

=PRICEDISC(A1,A2,A3,A4,A5) : Calculates the Discounted Price Value with the inputs in the range A1 to A5. Returns 56.33879781420765.