Revision as of 05:08, 14 March 2017

PRICEMAT(settlement, maturity, issue, rate, yield, basis)

where $settlement$ is the security's settlement date (a date when coupon or a bond is purchased),
$maturity$ is security's maturity date (a date when coupon or a bond expires),
$issue$ is security's issue date (a date when coupon or a bond is issued),
$rate$ is security's interest rate,
$yield$ is security's annual yield,
$basis$ is the type of day count basis to use.

PRICEMAT() calculates 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.
$settlement$ , $maturity$ and $issue$ 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.
$rate$ and $yield$ values must be greater than or equal to zero, else Calci displays #N/A error message.
$basis$ value is optional. If omitted, Calci assumes it to be 0.

Below table shows the use of $basis$ values:

PRICEMAT(settlement, maturity, issue, rate, yield, basis) function with inputs in order is calculated as follows:

=PRICEMAT(A1,A2,A3,A4,A5,A6) : Calculates the Price Value with the inputs in the range A1 to A6. Returns 84.24817365442365.

@@ Line 86: / Line 86: @@
 *[http://en.wikipedia.org/wiki/Bond_valuation Bond Valuation]
 *[http://en.wikipedia.org/wiki/Day_count_convention Basis Convention]
+*[[Z_API_Functions | List of Main Z Functions]]
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