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

This function returns the price per $100 face value for a Treasury bill (or T-bill).

Syntax

TBILLPRICE(settle,mature,discount)

Arguments

This function has these arguments:

Argument Description
settle Settlement date for the Treasury bill
mature Maturity date for the Treasury bill
discount Discount rate for the Treasury bill

Remarks

This function returns a #VALUE! error when settle or mature is invalid. Settle and mature are truncated to integers. If discount is less than or equal to 0, a #NUM! error is returned. If settle is greater than mature or if mature is more than one year after settle, a #NUM! error is returned.

Data Types

Accepts numeric and DateTime object data for all arguments. Returns numeric data.

Examples

TBILLPRICE(A1,B2,C3)

TBILLPRICE("3/31/2003","6/1/2003",0.065)gives the result $98.88055556

See Also