Difference between revisions of "Manuals/calci/PRICEMAT"
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=PRICEMAT(settlement, maturity, issue, rate, yield, basis)= | =PRICEMAT(settlement, maturity, issue, rate, yield, basis)= | ||
| − | *where | + | *where <math>settlement</math> is the security's settlement date (a date when coupon or a bond is purchased), |
| − | * | + | *<math>maturity</math> is security's maturity date (a date when coupon or a bond expires), |
| − | * | + | *<math>issue</math> is security's issue date (a date when coupon or a bond is issued), |
| − | * | + | *<math>rate</math> is security's interest rate, |
| − | * | + | *<math>yield</math> is security's annual yield, |
| − | * | + | *<math>basis</math> is the type of day count basis to use. |
PRICEMAT() calculates the price per $100 face value of security, that pays interest at maturity. | PRICEMAT() calculates the price per $100 face value of security, that pays interest at maturity. | ||
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*The function returns the price per $100 face value of security, that pays interest at maturity. | *The function returns the price per $100 face value of security, that pays interest at maturity. | ||
| − | * | + | *<math>settlement</math>, <math>maturity</math> and <math>issue</math> 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 settlement date ≥ maturity date, Calci displays #N/A error message. | + | *If <math>settlement</math> date ≥ <math>maturity</math> date, Calci displays #N/A error message. |
| − | * | + | *<math>rate</math> and <math>yield</math> values must be greater than or equal to zero, else Calci displays #N/A error message. |
| − | * | + | *<math>basis</math> value is optional. If omitted, Calci assumes it to be 0. |
| − | Below table shows the use of | + | Below table shows the use of <math>basis</math> values: |
{| class="wikitable" | {| class="wikitable" | ||
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|} | |} | ||
| − | *If | + | *If <math>basis</math> value is other than 0 to 4, Calci displays #N/A error message. |
== Examples == | == Examples == | ||
Revision as of 16:19, 13 December 2013
PRICEMAT(settlement, maturity, issue, rate, yield, 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 issue date (a date when coupon or a bond is issued),
- is security's interest rate,
- is security's annual yield,
- is the type of day count basis to use.
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 issue date (a date when coupon or a bond is issued),
is security's interest rate,
is security's annual yield,
is the type of day count basis to use.PRICEMAT() calculates the price per $100 face value of security, that pays interest at maturity.
Description
PRICEMAT(settlement, maturity, issue, rate, yield, basis)
- The function returns the price per $100 face value of 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.
- If date ≥ date, Calci displays #N/A error message.
- and values must be greater than or equal to 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
PRICEMAT(settlement, maturity, issue, rate, yield, basis) function with inputs in order is calculated as follows:
| 2/2/2008 | |
| 11/2/2016 | |
| 1/2/2008 | |
| 5% | |
| 8% | |
| 2 |
=PRICEMAT(A1,A2,A3,A4,A5,A6) : Calculates the Price Value with the inputs in the range A1 to A6. Returns 84.24817365442365.