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Excel 2000 in a Nutshell
book

Excel 2000 in a Nutshell

by Jinjer Simon
August 2000
Beginner to intermediate
608 pages
17h 15m
English
O'Reilly Media, Inc.
Content preview from Excel 2000 in a Nutshell

Name

PRICEMAT

Synopsis

PRICEMAT (an Analysis ToolPak function) is designed to allow you to determine the cost of a security that pays interest at maturity. The value returned by the function is based on the cost per $100 of the face value of the security.

To Calculate

=PRICEMAT(Settlement, Maturity, Issue, Rate, Yld, Basis)

The Basis argument is the only optional argument. All other arguments must have values.

Rate

Specifies a numeric value that represents the annual coupon rate for the security. For example, if the security has a coupon rate of 9% the value of this argument is 0.09.

Yld

Indicates the annual yield (interest paid) of the security. The value of the argument should be a numeric value that represents the yield percentage. For example, if the security pays 5% annually, the value of this argument would be 0.05.

Example

Figure 12-22 illustrates how PRICEMAT is used to determine the cost of a security that pays at maturity.

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Publisher Resources

ISBN: 1565927141Catalog PageErrata