This function calculates the annual yield for a discounted security.
YIELDDISC(settle,maturity,price,redeem,basis)
This function has these arguments:
Argument | Description |
---|---|
settle | Settlement date for the security |
maturity | Maturity date for the security |
price | Price per $100 face value for the security |
redeem | Redemption value per $100 face value |
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. 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, and basis are truncated to integers.
Accepts numeric data and dates. Returns numeric data.
YIEDDISC(B1,B2,B3,B4,B5)