Definition. This function calculates the price of a fixed-interest security (loan); that is, the purchase price without accrued interest.
Settlement (required) The date when the ownership of the security changes.
Maturity (required) The date when the repayment of the loan certified by the security takes place.
Rate (required) The agreed-upon annual interest rate as the price for the borrowed money.
Yield (required) The market interest rate on the settlement day, at which during calculation of the duration all future payments are discounted.
Repayment (required) The percentage of the par value of a security (as if it was 100 monetary units) at which repayment takes ...