This function calculates the annual yield of a security that pays interest at maturity.
YIELDMAT(settle,maturity,issue,issrate,price,basis)
This function has these arguments:
Argument | Description |
---|---|
settle | Settlement date for the security |
maturity | Maturity date for the security |
issue | Issue date for the security |
issrate | Interest rate for the security at the date of issue |
price | Price per $100 face value for the security |
basis | [Optional] Integer representing the basis for day count (Refer to Day Count Basis.) |
This function returns a #VALUE! error when settle, maturity, or issue is invalid. If issrate is less than 0 or price 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, issue, and basis are truncated to integers.
Accepts numeric and date data. Returns numeric data.
YIELDMAT(C1,C2,C3,C4,C5,C6)