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TBILLYIELD
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Summary

This function returns the yield for a Treasury bill (or T-bill).

Syntax

TBILLYIELD(settle,mature,priceper)

Arguments

This function has these arguments:

Argument Description
settle Settlement date for the Treasury bill
mature Maturity date for the Treasury bill
priceper Price per $100 face value 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 priceper is less than or equal to 0, a #NUM! error is returned. If settle is greater than or equal to 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

TBILLYIELD(A1,B2,C3)

TBILLYIELD("3/31/2003","6/1/2003",98.65)gives the result 0.0794598041299475 (or 5.80%)

See Also