# Manuals/calci/YIELDMAT

YIELDMAT (Settlement,Maturity,Issue,Rate,Price,Basis)

• where is 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 issue date (a date when coupon or a bond is issued),
• is security's annual coupon rate,
• is the price per \$100 face value,
• is the type of day count basis to use.
• YIELDMAT(), returns the annual yield of a security that pays interest at maturity.

## Description

YIELDMAT (Settlement,Maturity,Issue,Rate,Price,Basis)

• YIELDMAT is the percentage annual yield on security that pays interest at maturity.
• , 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.
• Dates should satisfy the following condition:- > > , else 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 30/360
• If value is other than 0 to 4, Calci displays #N/A error message.

## Examples

YIELDMAT (Settlement,Maturity,Issue,Rate,Price,Basis) function with inputs in order is calculated as follows:

 1/2/2010 1/2/2012 12/1/2009 5.5% \$100 0
```=YIELDMAT(A1,A2,A3,A4,A5,A6) : Calculates the percentage annual yield with the inputs in the range A1 to A6. Returns 5.47% as a result.
```
```=YIELDMAT(DATE(2007,1,1), DATE(2008,2,20), DATE(2006,10,15), "5%", 100) : Calculates the percentage annual yield with the inputs. Returns 4.95% as a result.
```

YIELDMAT