# Manuals/calci/PRICEDISC

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

• where is the 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 discount rate,
• 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.
• 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 , 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 30/365
• If value is other than 0 to 4, Calci displays #N/A error message.

## Examples

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

 2/2/2008 11/2/2016 5% 100 1
```=PRICEDISC(A1,A2,A3,A4,A5) : Calculates the Discounted Price Value with the inputs in the range A1 to A5. Returns 56.33879781420765.
```

PRICEDISC