Manuals/calci/TBILLYIELD
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TBILLYIELD (Settlement,Maturity,Price)
where,
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Settlement} is the Treasury Bill's settlement date (a date when the Treasury Bill is purchased)
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Maturity} is the Treasury Bill's maturity date (a date when the Treasury Bill expires)
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Price}
is the Treasury Bill's price per $100 face value.
- TBILLYIELD() returns the yield for a Treasury bill.
Description
TBILLYIELD (Settlement,Maturity,Price)
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Settlement} and Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Maturity} should be entered either in 'date format' or 'dates returned using formulas'. If dates are not valid, Calci displays #N/A error message.
- If Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Settlement} >= Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Maturity} , Calci displays #N/A error message.
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Maturity} should not be more than one year than that of Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle SettlementDate} . Else, Calci displays #N/A error message.
- If Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Price} <=0, Calci displays #N/A error message.
- Formula:
If 'N' is number of days from 'Settlement' to 'Maturity', then TBILLYIELD is calculated as -
Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle TBILLYIELD = \frac{(100 - Price)}{Price} * \frac{360}{N}}
Examples
Consider the following example that shows the use of TBILLYIELD function:
| 06/25/2014 | ||
| 10/25/2014 | ||
| 97.5 | ||
=TBILLYIELD(A1,A2,A3) : Calculates the yield for treasury bill with the input values from the cells A1 to A3.
Returns 0.07566204287515763 as a result. =TBILLYIELD(DATE(2013,10,20),DATE(2014,6,20),93.9) : Calculates the yield for treasury bill
with the values mentioned as arguments. Returns 0.09624107600678411 as a result.
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