Syntax
=PRICE(settlement, maturity, rate, yld, redemption, frequency, [basis])Arguments
| Argument | Required | Description |
|---|---|---|
settlement | Required | The settlement date |
maturity | Required | The maturity date |
rate | Required | The annual coupon rate |
yld | Required | The annual yield |
redemption | Required | The redemption value per 100 face value |
frequency | Required | Coupon payments per year: 1, 2 or 4 |
basis | Optional | The day count basis, 0 to 4 |
How to use PRICE
PRICE takes 6 required arguments and 1 optional argument. Type =PRICE( in a cell and SheetsBat shows the arguments as you go. Optional arguments are shown in square brackets; leave them out to use their default.
Examples
Each result below was calculated by the SheetsBat formula engine.
=PRICE(DATE(2008,2,15), DATE(2017,11,15), 0.0575, 0.065, 100, 2, 0)Result Related financial functions
- ODDLYIELDReturns the yield of a security with an odd (short or long) last period.
- PDURATIONReturns the number of periods an investment needs to grow to a target value at a constant rate.
- PMTReturns the payment per period of a loan or investment with a constant rate and constant payments.
- PPMTReturns the principal part of one payment of a loan or investment.
- PRICEDISCReturns the price per 100 face value of a discounted security.
- PRICEMATReturns the price per 100 face value of a security that pays interest at maturity.
- PVReturns the present value of a series of equal future payments.
- RATEReturns the interest rate per period of a loan or investment, found by iteration.
- RECEIVEDReturns the amount received at maturity for a fully invested security.