TBILLPRICE(SettlementDate, MaturityDate, 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() calculates the price per $100 face value for a Treasury Bill.
Description
TBILLPRICE(SettlementDate, MaturityDate, 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.