This function returns the yield for a Treasury bill (or T-bill).
TBILLYIELD(settle,mature,priceper)
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 |
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.
Accepts numeric and DateTime object data for all arguments. Returns numeric data.
TBILLYIELD(A1,B2,C3)
TBILLYIELD("3/31/2003","6/1/2003",98.65)gives the result 0.0794598041299475 (or 5.80%)