Manuals/calci/PRICEMAT

PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis)

• where $SettlementDate$ is the security's settlement date (a date when coupon or a bond is purchased),
• $MaturityDate$ is security's maturity date (a date when coupon or a bond expires),
• $IssueDate$ is security's issue date (a date when coupon or a bond is issued),
• $Rate$ is security's interest rate,
• $YieldPercent$ is security's annual yield,
• $Basis$ is the type of day count basis to use.
  • PRICEMAT(), returns the price per $100 face value of a security that pays interest at maturity.

Description

PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis)

• The function returns the price per $100 face value of security, that pays interest at maturity.
• $SettlementDate$, $MaturityDate$ and $IssueDate$ 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 $SettlementDate$ ≥ $MaturityDate$ , Calci displays #N/A error message.
• $Rate$ and $YieldPercent$ 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:

Basis	Description
0	US (NASD) 30/360
1	Actual/actual
2	Actual/360
3	Actual/365
4	European 30/365

• If $Basis$ value is other than 0 to 4, Calci displays #N/A error message.

Examples

PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,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.

Related Videos

PRICEMAT

See Also

• PRICE
• PRICEDISC

References

• Bond Valuation
• Basis Convention

• List of Main Z Functions

• Z3 home