Difference between revisions of "Manuals/calci/TBILLPRICE"

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(Created page with "<div id="6SpaceContent" class="zcontent" align="left"> '''TBILLPRICE'''(SettlementDate, MaturityDate, Discount) where, '''SettlementDate '''- represents the Treasur...")
 
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<div id="6SpaceContent" class="zcontent" align="left">
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=TBILLEQ(SettlementDate, MaturityDate, Discount)=
  
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'''TBILLPRICE'''(SettlementDate, MaturityDate, Discount)
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where,
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*<math>SettlementDate</math> is the Treasury Bill's settlement date (a date when the Treasury Bill is purchased)
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*<math>MaturityDate</math> is the Treasury Bill's maturity date (a date when the Treasury Bill expires)
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*<math>Discount</math> is the Treasury Bill's discount rate.
  
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where,
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TBILLEQ() calculates the price per $100 face value for a Treasury Bill.
  
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'''SettlementDate '''- represents the Treasury bill's settlement date.
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== Description ==
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TBILLEQ(SettlementDate, MaturityDate, Discount)
  
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'''MaturityDate''' - represents the Treasury bill's maturity date.
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*<math>SettlementDate</math> and <math>MaturityDate</math> should be entered either in 'date format' or 'dates returned using formulas'. If dates are not valid, Calci displays #N/A error message.
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*If <math>SettlementDate</math> &gt;= <math>MaturityDate</math>, Calci displays #N/A error message.
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*<math>MaturityDate</math> should not be greater than one year from <math>SettlementDate</math>. Else, Calci displays #N/A error message.
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*If <math>Discount</math> &lt;=0, Calci displays #N/A error message.
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*Formula:
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If 'N' is number of days from 'Settlement' to 'Maturity', then TBILLPRICE is calculated as -
  
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'''Discount '''- represents the Treasury bill's discount rate
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<math>TBILLPRICE = 100 * (1 - \frac{(Discount * N))}{360}) </math>
  
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</div>
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== Examples ==
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----
 
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<div id="1SpaceContent" class="zcontent" align="left">
 
  
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It returns the price per $100 face value for a Treasury bill.
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Consider the following example that shows the use of TBILLPRICE function:
  
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'''Formula''' :-
 
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TBILLEPRICE = 100 X (1-(Discount x N)/360)
 
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where,
 
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N - Number of days between settlement an maturity date.
 
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</div>
 
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----
 
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<div id="7SpaceContent" class="zcontent" align="left">
 
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If SettlementDate &gt; MaturityDate, TBILLPRICE returns the #ERROR.
 
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If Discount &lt;= 0, it returns the #ERROR.
 
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</div>
 
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----
 
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<div id="12SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="left">
 
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TBILLPRICE
 
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</div></div>
 
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----
 
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<div id="8SpaceContent" class="zcontent" align="left">
 
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Lets see an example in (Column1, Row1)
 
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<nowiki>=TBILLPRICE(DATE(2008,1,1),DATE(2008,2,20),"5.85%")</nowiki>
 
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TBILLPRICE returns 99.1875.
 
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Consider an another example
 
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<nowiki>=TBILLPRICE(DATE(DATE(2007/4/1),DATE(2008,5,1),"-4%")</nowiki>
 
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It returns #ERROR(discount=-4%).
 
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</div>
 
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----
 
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<div id="10SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Syntax </div><div class="ZEditBox"><center></center></div></div>
 
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----
 
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<div id="4SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Remarks </div></div>
 
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----
 
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<div id="3SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Examples </div></div>
 
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----
 
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<div id="11SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Description </div></div>
 
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----
 
 
<div id="2SpaceContent" class="zcontent" align="left">
 
<div id="2SpaceContent" class="zcontent" align="left">
  
 
{| id="TABLE3" class="SpreadSheet blue"
 
{| id="TABLE3" class="SpreadSheet blue"
 
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| class="sshl_f" | 01/01/2010
 
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| class=" " | Row1
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| class="sshl_f" | 11/20/2010
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| class="sshl_f" | 99.1875
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| class="sshl_f" | 5.85%
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<div id="2Space_Handle" class="zhandles" title="Click and Drag to resize CALCI Column/Row/Cell. It is EZ!"></div><div id="2Space_Copy" class="zhandles" title="Click and Drag over to AutoFill other cells."></div><div id="2Space_Drag" class="zhandles" title="Click and Drag to Move/Copy Area.">[[Image:copy-cube.gif]]  </div>
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<div align="left">[[Image:calci1.gif]]</div></div>
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=TBILLPRICE(A1,A2,A3) : Calculates the price for the Treasury Bill with values in the range A1 to A3. <br />Displays '''94.75125''' as a result.
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----
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=TBILLPRICE(DATE(2013,10,20),DATE(2014,6,20),9%) : Calculates the price for the Treasury Bill with <br />the mentioned values. Displays '''93.925''' as a result.
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== See Also ==
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*[[Manuals/calci/TBILLEQ | TBILLEQ]]
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*[[Manuals/calci/TBILLYIELD | TBILLYIELD]]
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== References ==
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*[http://en.wikipedia.org/wiki/Treasury_bill#Treasury_bill Treasury Bill]

Revision as of 16:03, 28 February 2014

TBILLEQ(SettlementDate, MaturityDate, Discount)

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 discount rate.

TBILLEQ() calculates the price per $100 face value for a Treasury Bill.

Description

TBILLEQ(SettlementDate, MaturityDate, Discount)

  • 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 greater than one year from . 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 TBILLPRICE is calculated as -

Examples

Consider the following example that shows the use of TBILLPRICE function:

01/01/2010
11/20/2010
5.85% 
=TBILLPRICE(A1,A2,A3) : Calculates the price for the Treasury Bill with values in the range A1 to A3. 
Displays 94.75125 as a result.
=TBILLPRICE(DATE(2013,10,20),DATE(2014,6,20),9%) : Calculates the price for the Treasury Bill with 
the mentioned values. Displays 93.925 as a result.

See Also

References

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