Difference between revisions of "Manuals/calci/TBILLEQ"

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(Created page with "<div id="6SpaceContent" class="zcontent" align="left"> '''TBILLEQ'''(SettlementDate, MaturityDate, Discount) where, '''SettlementDate '''- represents the Treasury b...")
 
 
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<div style="font-size:30px">'''TBILLEQ (Settlement,Maturity,Discount)'''</div><br/>
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where,
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*<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)
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*<math>Discount</math> is the Treasury Bill's discount rate.
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**TBILLEQ(), returns the bond-equivalent yield for a Treasury bill.
  
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'''TBILLEQ'''(SettlementDate, MaturityDate, Discount)
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== Description ==
 +
TBILLEQ (Settlement,Maturity,Discount)
  
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where,
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*<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>Settlement</math> &gt;= <math>Maturity</math>, Calci displays #N/A error message.
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*<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 TBILLEQ is calculated as -
  
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'''SettlementDate '''- represents the Treasury bill's settlement date.
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<math>TBILLEQ = \frac{(365 * Discount)}{(360 - (Discount * N))}</math>
  
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'''MaturityDate''' - represents the Treasury bill's maturity date.
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== Examples ==
  
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'''Discount '''- represents the Treasury bill's discount rate
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Consider the following example that shows the use of TBILLEQ function:
  
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</div>
 
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----
 
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<div id="1SpaceContent" class="zcontent" align="left">
 
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It returns the bond-equivalent yield for a Treasury bill.
 
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'''Formula''' :-
 
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TBILLEQ = (365 x Discount)/(360-(Discount x N))
 
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where,
 
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N - Number of days between settlement an maturity date.
 
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</div>
 
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----
 
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<div id="7SpaceContent" class="zcontent" align="left">
 
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If SettlementDate &gt; MaturityDate, TBILLEQ returns the #ERROR.
 
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If Discount &lt;= 0, it returns the #ERROR.
 
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</div>
 
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<div id="12SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="left">
 
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TBILLEQ
 
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</div></div>
 
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----
 
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<div id="8SpaceContent" class="zcontent" align="left">
 
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Lets see an example in (Column1, Row1)
 
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<nowiki>=TBILLEQ(DATE(2008,1,1),DATE(2008,2,20),"5.85%")</nowiki>
 
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TBILLEQ returns 0.059798.
 
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Consider an another example
 
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<nowiki>=TBILLEQ(DATE(DATE(2007/4/1),DATE(2008,5,1),"-4%")</nowiki>
 
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It returns #ERROR(discount=-4%).
 
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</div>
 
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<div id="10SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Syntax </div><div class="ZEditBox"><center></center></div></div>
 
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----
 
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<div id="4SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Remarks </div></div>
 
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----
 
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<div id="3SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Examples </div></div>
 
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<div id="11SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Description </div></div>
 
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{| id="TABLE3" class="SpreadSheet blue"
 
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| class="sshl_f" | 01/01/2010
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| class="  " | Row2
 
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<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>
 
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| class="sshl_f" | 11/20/2010
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| class="sshl_f" | 5.85%
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<div align="left">[[Image:calci1.gif]]</div></div>
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=TBILLEQ(A1,A2,A3) : Calculates the bond equivalent yield for the Treasury Bill for values in the range A1 to A3. <br />Displays '''6.26%''' as a result.
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----
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=TBILLEQ(DATE(2013,10,20),DATE(2014,6,20),9%) : Calculates the bond equivalent yield for the Treasury Bill <br />for mentioned values. Displays '''9.72%''' as a result.
 +
 
 +
==Related Videos==
 +
 
 +
{{#ev:youtube|v=QLC8bGbOSfM|280|center|TBILLEQ}}
 +
 
 +
== See Also ==
 +
 
 +
*[[Manuals/calci/TBILLPRICE | TBILLPRICE]]
 +
*[[Manuals/calci/TBILLYIELD | TBILLYIELD]]
 +
 
 +
== References ==
 +
 
 +
*[http://en.wikipedia.org/wiki/Treasury_bill#Treasury_bill Treasury Bill]
 +
 
 +
 
 +
 
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*[[Z_API_Functions | List of Main Z Functions]]
 +
 
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*[[ Z3 |  Z3 home ]]

Latest revision as of 13:33, 19 November 2018

TBILLEQ (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.
    • TBILLEQ(), returns the bond-equivalent yield for a Treasury bill.

Description

TBILLEQ (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 TBILLEQ is calculated as -

Examples

Consider the following example that shows the use of TBILLEQ function:

01/01/2010
11/20/2010
5.85% 
=TBILLEQ(A1,A2,A3) : Calculates the bond equivalent yield for the Treasury Bill for values in the range A1 to A3. 
Displays 6.26% as a result.
=TBILLEQ(DATE(2013,10,20),DATE(2014,6,20),9%) : Calculates the bond equivalent yield for the Treasury Bill 
for mentioned values. Displays 9.72% as a result.

Related Videos

TBILLEQ

See Also

References


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