YIELDMAT
Syntax:
YIELDMAT ( settlement , maturity , issue , rate , pr [ , [ basis ] ] )
Description: Computes the annual yield of a security that pays interest at maturity.
Arguments:
Name |
Type |
Description |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
settlement |
number |
The security's settlement date. |
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maturity |
number |
The security's maturity date. |
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issue |
number |
The security's issue date. |
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rate |
number |
The security's interest rate. |
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pr |
number |
The security's price. |
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basis |
number |
The truncated integer type of day count basis to use, as follows:
|
Time information in the date arguments is ignored.
Return Type and Value: number – The annual yield of a security that pays interest at maturity.
However, if
settlement, maturity, or issue is out of range for the current date base value,
#NUM!is returned.settlement ≥ maturity,
#NUM!is returned.rate or pr ≤ 0,
#NUM!is returned.basis < 0 or basis > 4,
#NUM!is returned.