Manuals/calci/INTRATE

INTRATE (SettlementDate,MaturityDate,Investment,RedemptionValue,Basis)


  • where, is the security's settlement date (a date when coupon or a bond is purchased)
  • is the security's maturity date (a date when coupon or a bond expires)
  • is the amount invested in the security or a bond
  • is the amount to be received at maturity of a bond
  • is the type of day count basis to use
    • INTRATE(), returns the interest rate for a fully invested security.

Description

INTRATE(SettlementDate, MaturityDate, Investment,RedemptionValue, Basis)

  •   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.
  • If   <=0 or   <=0, 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.
  • Formula:

If 'B' is number of days in a year, and 'D' is number of days from 'settlement' to maturity', then INTRATE is calculated as -

 

Examples

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

11/1/2010
2/20/2011 2/2/2014
500000 7000
800000 9000
4 1
=INTRATE(A1,A2,A3,A4,A5) displays 1.981651376146789 as a result.
=INTRATE(DATE(2013,1,1),B2,B3,B4,B5) displays 0.2622154311211943 as a result.

Related Videos

INT RATE

See Also

References