Revision as of 17:14, 13 December 2013

PRICE(settlement, maturity, rate, yield, redemption, frequency, basis)

where $settlement$ is 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),
$rate$ is security's annual coupon rate,
$yield$ is security's annual yield,
$redemption$ is security's redemption value per $100 face value,
$frequency$ is the number of coupon payments per year, and
$basis$ is the type of day count basis to use.

PRICE() calculates the price per $100 face value of security that pays periodic interest.

The function returns the price per $100 face value of security that pays periodic interest.
$settlement$ 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.
$rate$ and $yield$ values 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.
The values for $frequency$ should be 1,2 or 4.

For Annual payment, $frequency$ = 1,

For Semi-annual payment, $frequency$ = 2,

For Quarterly payment, $frequency$ = 4.

Below table shows the use of $basis$ values:

PRICE(settlement, maturity, rate, yield, redemption, frequency, basis) function with inputs in order is calculated as follows:

=PRICE(A1,A2,A3,A4,A5,A6,A7) : Calculates the Price Value with the inputs in the range A1 to A7. Returns 81.36538958112115.

@@ Line 21: / Line 21: @@
 *<math>redemption</math> value must be greater than zero, else Calci displays #N/A error message.
 *The values for <math>frequency</math> should be 1,2 or 4.
-For Annual payment, frequency = 1,
+For Annual payment, <math>frequency</math> = 1,
-For Semi-annual payment, frequency = 2,
+For Semi-annual payment, <math>frequency</math> = 2,
-For Quarterly payment, frequency = 4.
+For Quarterly payment, <math>frequency</math> = 4.
 *<math>basis</math> value is optional. If omitted, Calci assumes it to be 0.
-Below table shows the use of 'basis' values:
+Below table shows the use of <math>basis</math> values:
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