Difference between revisions of "Manuals/calci/TBILLPRICE"

From ZCubes Wiki
Jump to navigation Jump to search
(Created page with "<div id="6SpaceContent" class="zcontent" align="left"> '''TBILLPRICE'''(SettlementDate, MaturityDate, Discount) where, '''SettlementDate '''- represents the Treasur...")
 
 
(7 intermediate revisions by 3 users not shown)
Line 1: Line 1:
−
<div id="6SpaceContent" class="zcontent" align="left">
+
<div style="font-size:30px">'''TBILLPRICE (Settlement,Maturity,Discount)'''</div><br/>
 +
where,
 +
*<math>Settlement</math> is the Treasury Bill's settlement date (a date when the Treasury Bill is purchased)
 +
*<math>Maturity</math> is the Treasury Bill's maturity date (a date when the Treasury Bill expires)
 +
*<math>Discount</math> is the Treasury Bill's discount rate.
 +
**TBILLPRICE(), returns the price per $100 face value for a Treasury bill.
  
−
'''TBILLPRICE'''(SettlementDate, MaturityDate, Discount)
+
== Description ==
 +
TBILLPRICE (Settlement,Maturity,Discount)
  
−
where,
+
*<math>Settlement</math> and <math>Maturity</math> 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> &gt;= <math>Maturity</math>, Calci displays #N/A error message.
 +
*<math>Maturity</math> should not be greater than one year from <math>Settlement</math>. Else, Calci displays #N/A error message.
 +
*If <math>Discount</math> &lt;=0, Calci displays #N/A error message.
 +
*Formula:
 +
If 'N' is number of days from 'Settlement' to 'Maturity', then TBILLPRICE is calculated as -
  
−
'''SettlementDate '''- represents the Treasury bill's settlement date.
+
<math>TBILLPRICE = 100 * (1 - \frac{(Discount * N)}{360}) </math>
  
−
'''MaturityDate''' - represents the Treasury bill's maturity date.
+
== Examples ==
  
−
'''Discount '''- represents the Treasury bill's discount rate
+
Consider the following example that shows the use of TBILLPRICE function:
  
−
</div>
+
<div id="2SpaceContent" class="zcontent" align="left">
−
----
 
−
<div id="1SpaceContent" class="zcontent" align="left">
 
  
−
It returns the price per $100 face value for a Treasury bill.
+
{| id="TABLE3" class="SpreadSheet blue"
 +
|- class="even"
 +
| class="sshl_f" | 01/01/2010
 +
| class=" " |
 +
| class=" " |
  
−
'''Formula''' :-
+
|- class="odd"
 +
| class="sshl_f" | 11/20/2010
 +
| class=" " |
 +
| class=" " |
  
−
TBILLEPRICE = 100 X (1-(Discount x N)/360)
+
|- class="even"
 +
| class="sshl_f" | 5.85%
 +
| class=" " |
 +
| class=" " |
  
−
where,
+
|- class="odd"
 +
| class="sshl_f" |
 +
| class=" " |
 +
| class=" " |
 +
|}
  
−
N - Number of days between settlement an maturity date.
+
=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.
 +
=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.
  
−
</div>
+
==Related Videos==
−
----
 
−
<div id="7SpaceContent" class="zcontent" align="left">
 
  
−
If SettlementDate &gt; MaturityDate, TBILLPRICE returns the #ERROR.
+
{{#ev:youtube|v=OdEI6TMOz78|280|center|TBILLPRICE}}
  
−
If Discount &lt;= 0, it returns the #ERROR.
+
== See Also ==
  
−
</div>
+
*[[Manuals/calci/TBILLEQ | TBILLEQ]]
−
----
+
*[[Manuals/calci/TBILLYIELD | TBILLYIELD]]
−
<div id="12SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="left">
 
  
−
TBILLPRICE
+
== References ==
  
−
</div></div>
+
*[http://en.wikipedia.org/wiki/Treasury_bill#Treasury_bill Treasury Bill]
−
----
 
−
<div id="8SpaceContent" class="zcontent" align="left">
 
  
−
Lets see an example in (Column1, Row1)
 
  
−
<nowiki>=TBILLPRICE(DATE(2008,1,1),DATE(2008,2,20),"5.85%")</nowiki>
 
  
−
TBILLPRICE returns 99.1875.
+
*[[Z_API_Functions | List of Main Z Functions]]
−
 
 
−
Consider an another example
 
−
 
 
−
<nowiki>=TBILLPRICE(DATE(DATE(2007/4/1),DATE(2008,5,1),"-4%")</nowiki>
 
−
 
 
−
It returns #ERROR(discount=-4%).
 
−
 
 
−
</div>
 
−
----
 
−
<div id="10SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Syntax </div><div class="ZEditBox"><center></center></div></div>
 
−
----
 
−
<div id="4SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Remarks </div></div>
 
−
----
 
−
<div id="3SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Examples </div></div>
 
−
----
 
−
<div id="11SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Description </div></div>
 
−
----
 
−
<div id="2SpaceContent" class="zcontent" align="left">
 
−
 
 
−
{| id="TABLE3" class="SpreadSheet blue"
 
−
|- class="even"
 
−
| class=" " |
 
−
| Column1
 
−
| Column2
 
−
| Column3
 
−
| Column4
 
−
|- class="odd"
 
−
| class=" " | Row1
 
−
| class="sshl_f" | 99.1875
 
−
|
 
−
|
 
−
|
 
−
|- class="even"
 
−
| class="  " | Row2
 
−
| class="sshl_f    SelectTD ChangeBGColor SelectTD" |
 
−
<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>
 
−
|
 
−
|
 
−
|
 
−
|- class="odd"
 
−
| Row3
 
−
| class="sshl_f        " |
 
−
|
 
−
|
 
−
|
 
−
|- class="even"
 
−
| Row4
 
−
| class="sshl_f    " |
 
−
|
 
−
|
 
−
|
 
−
|- class="odd"
 
−
| class=" " | Row5
 
−
|
 
−
|
 
−
|
 
−
|
 
−
|- class="even"
 
−
| Row6
 
−
|
 
−
|
 
−
|
 
−
|
 
−
|}
 
  
−
<div align="left">[[Image:calci1.gif]]</div></div>
+
*[[ Z3 |  Z3 home ]]
−
----
 

Latest revision as of 15:16, 16 November 2018

TBILLPRICE (Settlement,Maturity,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.
    • TBILLPRICE(), returns the price per $100 face value for a Treasury bill.

Description

TBILLPRICE (Settlement,Maturity,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.

Related Videos

TBILLPRICE

See Also

References


Retrieved from "http://wiki.zcubes.com/index.php?title=Manuals/calci/TBILLPRICE&oldid=211357"