This function calculates the discount rate for a security.
DISC(settle,mature,pricep,redeem,basis)
This function has these arguments:
| Argument | Description |
|---|---|
| settle | Settlement date for the security |
| mature | Maturity date for the security |
| pricep | Amount invested in the security |
| redeem | Amount to be received at maturity |
| basis | [Optional] Integer representing the basis for day count (Refer to Day Count Basis.) |
Settle, mature, and basis are truncated to integers. If settle or mature is not a valid serial date number, a #VALUE! error is returned. If pricep 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 mature, a #NUM! error is returned.
Accepts numeric and DateTime object data. Returns numeric data.
DISC(A1,B1,C4,100,2)
DISC("3/15/2003","5/15/2003",R3C4,R5C5,4)
DISC("5/15/2004","9/1/2004",98.2,100,3) gives the result 0.0602752294
This function is available in product version 1.0 or later.
RATE | INTRATE | PRICEDISC | Financial Functions