YieldDisc

Syntax

YieldDisc(Settlement, Maturity, Price, Redemption[, Basis])

Settlement. The security's settlement date.

Maturity. The security's maturity date.

Price. The security's price per $100. of face value. Parameter value must be greater than zero.

Redemption. The security's redemption value per $100 face value. Parameter value must be greater than zero.

Basis. The day calculation method used. Select a value 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 annual yield of the securities, for which a discount is made.

The Settlement parameter value should not be less or equal to the Maturity parameter value.

Formula

Result

Description

=YieldDisc("16.02.2008", "01.03.2008", 199, 200, 3)

0,131012

The annual yield for discounted securities, on the following conditions:

=YieldDisc(A11, A2, A3, 100, 2)

0,052823

The annual yield for discounted securities, on the following conditions:

The security's settlement date is specified in the A1 cell, value is 16.02.2008.
The security's maturity date is specified in the A2 cell, value is 01.03.2008.
Securities price is specified in the A3 cell, value is 99.795.
The security's redemption value is 100.
The day calculation method - actual.