Definition. This function calculates the equivalent annual interest rate in arrears based on 365 days for a given anticipative annual interest rate based on 360 days. The latter is usually formulated as the discount rate of the par value (disagio). It is used for U.S. treasury bills.
Settlement (required) The date when the ownership of the security changes
Maturity (required) The date of the repayment of the certified par value
Discount (required) The percent disagio of the par value
There are the following requirements:
Settlement and Maturity require a date specification without a time; decimal places are truncated. Invalid date specifications return the
If the start date ...