Spread.Sheets Documentation
PRICEMAT
Spread.Sheets Documentation > Formula Reference > Formula Functions > PRICEMAT

This function returns the price at maturity per $100 face value of a security that pays interest.

Syntax

PRICEMAT(settle,mature,issue,rate,yield,basis)

Arguments

This function has these arguments:

Argument Description
settle Settlement date for the security
mature Maturity date for the security
issue Issue date for the security
rate Interest rate for the security at the issue date
yield Annual yield for the security
basis [Optional] Integer representing the basis for day count (Refer to Day Count Basis.)

Remarks

This function returns a #VALUE! error when settle, mature, or issue is invalid. Settle, mature, issue, and basis are truncated to integers. If rate or yield is less than 0, a #NUM! error is returned. If basis is less than 0 or greater than 4, a #NUM! error is returned. If settle is greater than or equal to mature, a #NUM! error is returned.

Data Types

Accepts numeric data for all arguments. Returns numeric data.

Examples

PRICEMAT(A1,A2,A5,A7,A7,1)

PRICEMAT(R1C1,R2C1,R5C5,R5C7,R5C9,2)

PRICEMAT("5/15/2004","9/1/2004","5/15/2003",0.06,0.07,3) gives the result 99.5842915904314

See Also