Syntax. PRICEMAT(Settlement,Maturity,Issue,Rate,Yield,Basis)

Definition. This function returns the price (as a percentage, that is, based on a nominal value) of a security that has a simple interest yield in arrears (no compound interest).


  • Settlement (required) The date when the ownership of the security changes.

  • Maturity (required) The maturity date of the security.

  • Issue (required) The date of the emission of the security.

  • Rate (required) The agreed-upon nominal interest rate of the security based on an entire year.

  • Yield (required) The current market interest rate or the expected yield of the security (as an interest rate based on an entire year).

  • Basis (optional) The method you want to use for determining the days in the year ...

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