Definition. This function calculates the anticipative interest rate (percent markdown, discount, disagio) of a given cash value or final value and the given duration (simple interest yield).
Settlement (required) The date when the ownership of the security changes.
Maturity (required) The date when the payments from the security must take place.
Price (required) Specifies the price at which the ownership changes.
Redemption (required) Describes the payment at the day of maturity.
Basis (optional) Defines the method you want to use for determining the days in the year according to Table 15-2, shown earlier. If this argument is not used, Excel calculates with Basis = 0.
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