Difference between revisions of "Manuals/calci/PRICEMAT"
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(Created page with "<div id="6SpaceContent" class="zcontent" align="left"> <font color="#000000">'''<font face="Arial, sans-serif"><font size="2">PRICEMAT(settle, M, I, R, yield, basis)</fon...") |
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| − | <div | + | <div style="font-size:30px">'''PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis)'''</div><br/> |
| − | < | + | *where <math>SettlementDate</math> is the security's settlement date (a date when coupon or a bond is purchased), |
| + | *<math>MaturityDate</math> is security's maturity date (a date when coupon or a bond expires), | ||
| + | *<math>IssueDate</math> is security's issue date (a date when coupon or a bond is issued), | ||
| + | *<math>Rate</math> is security's interest rate, | ||
| + | *<math>YieldPercent</math> is security's annual yield, | ||
| + | *<math>Basis</math> 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. |
| + | *<math>SettlementDate</math>, <math>MaturityDate</math> and <math>IssueDate</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>SettlementDate</math> ≥ <math>MaturityDate</math> , Calci displays #N/A error message. | ||
| + | *<math>Rate</math> and <math>YieldPercent</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 <math>Basis</math> values: | ||
| − | + | {| class="wikitable" | |
| − | ---- | + | |- |
| − | + | ! Basis !! Description | |
| − | - | + | |- |
| − | + | | 0 || US (NASD) 30/360 | |
| + | |- | ||
| + | | 1 || Actual/actual | ||
| + | |- | ||
| + | | 2 || Actual/360 | ||
| + | |- | ||
| + | | 3 || Actual/365 | ||
| + | |- | ||
| + | | 4 || European 30/365 | ||
| + | |} | ||
| − | * < | + | *If <math>Basis</math> 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: | |
| − | < | + | <div id="2SpaceContent" class="zcontent" align="left"> |
| − | + | {| id="TABLE3" class="SpreadSheet blue" | |
| − | + | |- class="even" | |
| − | + | | class="sshl_f" | 2/2/2008 | |
| + | | class="sshl_f" | | ||
| − | + | |- class="odd" | |
| + | | class="sshl_f" | 11/2/2016 | ||
| + | | class="sshl_f" | | ||
| − | + | |- class="even" | |
| − | - | + | | class="sshl_f" | 1/2/2008 |
| − | + | | class="sshl_f" | | |
| − | + | |- class="odd" | |
| + | | class="sshl_f" | 5% | ||
| + | | class="sshl_f" | | ||
| + | |||
| + | |- class="even" | ||
| + | | class="sshl_f" | 8% | ||
| + | | class="sshl_f" | | ||
| + | |||
| + | |- class="odd" | ||
| + | | class="sshl_f" | 2 | ||
| + | | class="sshl_f" | | ||
| − | + | |} | |
| − | + | =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== | |
| − | + | {{#ev:youtube|v=m_ahBi3n0Dk|280|center|PRICEMAT}} | |
| − | + | == See Also == | |
| − | + | *[[Manuals/calci/PRICE | PRICE]] | |
| + | *[[Manuals/calci/PRICEDISC | PRICEDISC]] | ||
| − | + | == References == | |
| − | + | *[http://en.wikipedia.org/wiki/Bond_valuation Bond Valuation] | |
| + | *[http://en.wikipedia.org/wiki/Day_count_convention Basis Convention] | ||
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| − | + | *[[Z_API_Functions | List of Main Z Functions]] | |
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| − | + | *[[ Z3 | Z3 home ]] | |
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Latest revision as of 15:03, 16 November 2018
PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,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.
- PRICEMAT(), returns the price per $100 face value of a security that pays interest at maturity.
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.
Description
PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,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 ≥ , 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 (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
See Also
References