TBILLPRICE

Calculates the price of a US Treasury Bill based on discount rate.

Sample Usage

TBILLPRICE(DATE(2010,1,2), DATE(2010,12,31), .0125)

TBILLPRICE(A2,B2,C2)

Syntax

TBILLPRICE(settlement, maturity, discount)

  • settlement - The settlement date of the security, the date after issuance when the security is delivered to the buyer.

  • maturity - The maturity or end date of the security, when it can be redeemed at face or par value.

  • discount - The discount rate of the bill at time of purchase.

Notes

  • settlement and maturity should be entered using DATE, TO_DATE or other date parsing functions rather than by entering text.

  • TBILLPRICE is equivalent to using PRICEDISC with US Treasury Bill conventions for the absent parameters.

  • maturity must be one year or less from the settlement date.

  • discount is a percentage and must be entered as a positive number from zero to one.

See Also

TBILLYIELD: Calculates the yield of a US Treasury Bill based on price.

PRICEDISC: Calculates the price of a discount (non-interest-bearing) security, based on expected yield.

PRICE: Calculates the price of a security paying periodic interest, such as a US Treasury Bond, based on expected yield.

Examples

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