This function calculates the yield on a security that pays periodic interest.
YIELD(settle,maturity,rate,price,redeem,frequency,basis)
This function has these arguments:
Argument | Description |
---|---|
settle | Settlement date for the security |
maturity | Maturity date for the security |
rate | Annual coupon rate |
price | Price per $100 face value for the security |
redeem | Redemption value per $100 face value |
frequency | Frequency of payment, number of coupon payments per year; must be 1, 2, or 4 |
basis | [Optional] Integer representing the basis for day count (Refer to Day Count Basis.) |
This function returns a #VALUE! error when settle or maturity is invalid. A #NUM! error is returned if frequency is a number other than 1, 2, or 4. If rate is less than 0, a #NUM! error is returned. If price or redeem is less than or equal to 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 maturity, a #NUM! error is returned. Settle, maturity, frequency, and basis are truncated to integers.
Accepts numeric data and dates. Returns numeric data.
YIELD(A1,A2,A3,A4,A5,A6,A7)