,PriceDisc(Settlement, Maturity, Discount, Redemption[, Basis])
Settlement. The security's settlement date. This date is later than the issue date (the date, when the securities were sold to the buyer).
Maturity. The security's maturity date. The maturity date is the date when the security expires.
Discount. Discount for a security. Value of this parameter must be greater than or equal to zero.
Redemption. The security's redemption price per $100 face value. Value of this parameter must be greater than zero.
Basis. The day calculation method used. It is set in the range from 0 to 4:
0. The day calculation method - American. 360 days (NSAD method). Default value.
1. Day calculation method - Actual/actual.
2. Day calculation method - Actual/360 days.
3. Day calculation method - Actual/365 days.
4. Day calculation method - European 30/360 days.
Optional parameter.
NOTE. To determine the parameter, specify either the parameter value or the cell address where it is located.
It returns the price per $100 face value of a discounted security.
The Settlement parameter value should not be less than the Maturity parameter value.
This method is estimated following the formula:
,
where:
DSM. The number of days from settlement to maturity.
B. The number of days in a year, it depends on the selected Basis argument value.
| Formula | Result | Description |
| =PriceDisc("01.01.2008", "01.06.2008", 0.2, 150, 0) | 137,50 | The price per $100 face value of securities based on the following conditions:
|
| =PriceDisc(A0, B0, 0.05, 1510) | 1453,38 | The price per $100 face value of securities based on the following conditions:
|
.See also:
Function Wizard │ Financial Functions │ Price │ PriceMat