Syntax: YIELD(S, M, R, PR, RD, F[, B])
S = settlement date
M = maturity date
R = annual coupon rate of the security
PR = the price of the security per $100 face value
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 |
YIELD returns the yield at maturity of a security that pays periodic interest. All dates must be entered as serial date value.
Example:
YIELD(DATE(91, 3, 15), DATE(98, 10, 15), 6%, 94.1854, 100, 2, 0) = 0.07
Excel function: N/A