Manuals/calci/PRICEMAT

PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis)


  • where is the security's settlement date (a date when coupon or a bond is purchased),
  • is security's maturity date (a date when coupon or a bond expires),
  • is security's issue date (a date when coupon or a bond is issued),
  • is security's interest rate,
  • is security's annual yield,
  • is the type of day count basis to use.
    • PRICEMAT(), returns the price per $100 face value of a security that pays interest at maturity.

Description

PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis)

  • The function returns the price per $100 face value of security, that pays interest at maturity.
  •  ,   and   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    , Calci displays #N/A error message.
  •   and   values must be greater than or equal to zero, else 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.

Examples

PRICEMAT (SettlementDate,MaturityDate,IssueDate,Rate,YieldPercent,Basis) function with inputs in order is calculated as follows:

2/2/2008
11/2/2016
1/2/2008
5%
8%
2
=PRICEMAT(A1,A2,A3,A4,A5,A6) : Calculates the Price Value with the inputs in the range A1 to A6. Returns 84.24817365442365.

Related Videos

PRICEMAT

See Also

References