Difference between revisions of "Manuals/calci/PRICE"
Jump to navigation
Jump to search
| (One intermediate revision by the same user not shown) | |||
| Line 1: | Line 1: | ||
| − | =PRICE( | + | <div style="font-size:30px">'''PRICE (Settlement,MaturityDate,Rate,Yield,RedemptionValue,Frequency,Basis)'''</div><br/> |
| − | + | *where <math>Settlement</math> is security's settlement date (a date when coupon or a bond is purchased), | |
| − | *where <math> | + | *<math>MaturityDate</math> is security's maturity date (a date when coupon or a bond expires), |
| − | *<math> | + | *<math>Rate</math> is security's annual coupon rate, |
| − | *<math> | + | *<math>Yield</math> is security's annual yield, |
| − | *<math> | + | *<math>RedemptionValue</math> is security's redemption value per $100 face value, |
| − | *<math> | + | *<math>Frequency</math> is the number of coupon payments per year, and |
| − | *<math> | + | *<math>Basis</math> is the type of day count basis to use. |
| − | *<math> | + | **PRICE(), returns the price per $100 face value of a security that pays periodic interest. |
| − | |||
| − | PRICE() | ||
== Description == | == Description == | ||
| − | PRICE( | + | PRICE(Settlement,MaturityDate,Rate,Yield,RedemptionValue,Frequency,Basis) |
*The function returns the price per $100 face value of security that pays periodic interest. | *The function returns the price per $100 face value of security that pays periodic interest. | ||
| − | *<math>settlement</math> and <math> | + | *<math>settlement</math> and <math>MaturityDate</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 <math> | + | *If <math>Settlement</math> date ≥ <math>MaturityDate</math> date, Calci displays #N/A error message. |
| − | *<math> | + | *<math>Rate</math> and <math>yield</math> values must be greater than or equal to zero, else Calci displays #N/A error message. |
| − | *<math> | + | *<math>RedemptionValue</math> value must be greater than zero, else Calci displays #N/A error message. |
| − | *The values for <math> | + | *The values for <math>Frequency</math> should be 1,2 or 4. |
| − | For Annual payment, <math> | + | For Annual payment, <math>Frequency</math> = 1, |
| − | For Semi-annual payment, <math> | + | For Semi-annual payment, <math>Frequency</math> = 2, |
| − | For Quarterly payment, <math> | + | For Quarterly payment, <math>Frequency</math> = 4. |
| − | *<math> | + | *<math>Basis</math> value is optional. If omitted, Calci assumes it to be 0. |
| − | Below table shows the use of <math> | + | Below table shows the use of <math>Basis</math> values: |
{| class="wikitable" | {| class="wikitable" | ||
| Line 45: | Line 43: | ||
|} | |} | ||
| − | *If <math> | + | *If <math>Basis</math> value is other than 0 to 4, Calci displays #N/A error message. |
== Examples == | == Examples == | ||
| − | PRICE( | + | PRICE (Settlement,MaturityDate,Rate,Yield,RedemptionValue,Frequency,Basis) function with inputs in order is calculated as follows: |
<div id="2SpaceContent" class="zcontent" align="left"> | <div id="2SpaceContent" class="zcontent" align="left"> | ||
Latest revision as of 16:29, 22 August 2018
PRICE (Settlement,MaturityDate,Rate,Yield,RedemptionValue,Frequency,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 annual coupon rate,
- is security's annual yield,
- is security's redemption value per $100 face value,
- is the number of coupon payments per year, and
- is the type of day count basis to use.
- PRICE(), returns the price per $100 face value of a security that pays periodic interest.
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 annual coupon rate,
is security's annual yield,
is security's redemption value per $100 face value,
is the number of coupon payments per year, and
is the type of day count basis to use.
Description
PRICE(Settlement,MaturityDate,Rate,Yield,RedemptionValue,Frequency,Basis)
- The function returns the price per $100 face value of security that pays periodic interest.
- 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 must be greater than zero, else Calci displays #N/A error message.
- The values for should be 1,2 or 4.
and 
values must be greater than or equal to zero, else Calci displays #N/A error message.For Annual payment, = 1,
For Semi-annual payment, = 2,
For Quarterly payment, = 4.
- 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
PRICE (Settlement,MaturityDate,Rate,Yield,RedemptionValue,Frequency,Basis) function with inputs in order is calculated as follows:
| 2/2/2008 | |
| 11/2/2016 | |
| 5% | |
| 8% | |
| 100 | |
| 2 | |
| 0 |
=PRICE(A1,A2,A3,A4,A5,A6,A7) : Calculates the Price Value with the inputs in the range A1 to A7. Returns 81.36538958112115.
Related Videos
See Also
References