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

 

Description

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

 

Parameters

 

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:

 

 

Examples

 

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