# Manuals/calci/TBILLYIELD

TBILLYIELD (Settlement,Maturity,Price)

where,

• is the Treasury Bill's settlement date (a date when the Treasury Bill is purchased)
• is the Treasury Bill's maturity date (a date when the Treasury Bill expires)
• is the Treasury Bill's price per \$100 face value.
• TBILLYIELD() returns the yield for a Treasury bill.

## Description

TBILLYIELD (Settlement,Maturity,Price)

• and 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.
• should not be more than one year than that of . Else, Calci displays #N/A error message.
• If <=0, Calci displays #N/A error message.
• Formula:

If 'N' is number of days from 'Settlement' to 'Maturity', then TBILLYIELD is calculated as - ## 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.


TBILLYIELD