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PRICE

Syntax: PRICE(S, M, R, Y, RD, F[, B])

S = settlement date
M = maturity date
R = annual coupon rate of the security
Y = annual yield of the security
RD = redemption value of the security at maturity per $100 face value
F = the number of coupon payments per year
B = (Optional) the day count basis to be used:

0 or omitted 30/360
1 actual/actual
2 actual/360
3 actual/365

PRICE returns the price per $100 face value of a security that pays periodic interest.

Example:

PRICE(DATE(91, 3, 15), DATE(98, 10, 15), 6%, 7%, 100, 2, 0) = 94.1854

Excel function: N/A


next up previous contents index
Next: PRICEDISC Up: A. Function Reference Previous: PPMT   Contents   Index
SpreadScript User's Guide, Version 1.2
Grey Trout Software
02 March 2003