Revision as of 02:22, 8 October 2015

PRICEDISC(settlement, maturity, discount, redemption, basis)

where $settlement$ is the security's settlement date (a date when coupon or a bond is purchased),
$maturity$ is security's maturity date (a date when coupon or a bond expires),
$discount$ is security's discount rate,
$redemption$ is security's redemption value per $100 face value, and
$basis$ is the type of day count basis to use.

PRICEDISC() calculates the price of a discounted security per $100 face value.

The function returns the price of a discounted security per $100 face value.
PRICEDISC is calculated by subtracting discounted amount from redemption value.
$settlement$ and $maturity$ 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 $settlement$ date ≥ $maturity$ date, Calci displays #N/A error message.
$discount$ value must be greater than or equal to zero, else calci displays #N/A error message.
$redemption$ value must be greater than 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:

PRICEDISC(settlement, maturity, discount, redemption, basis) function with inputs in order is calculated as follows:

=PRICEDISC(A1,A2,A3,A4,A5) : Calculates the Discounted Price Value with the inputs in the range A1 to A5. Returns 56.33879781420765.

@@ Line 61: / Line 61: @@
 |- class="odd"
-| class="sshl_f" | $100
+| class="sshl_f" | 100
 | class="sshl_f" |