Definition. This function calculates the annual yield (as an interest rate in arrears) for a security that has received a markdown (discount, disagio) for an intra-annual duration.
The only difference between this function and the INTRATE() function is the naming of the arguments.
Settlement (required) The date when the ownership of the security changes.
Maturity (required) The day when the payments from the security must take place.
Pr (optional) The purchase value of the security at the day of settlement.
Redemption (required) The payment at the day of maturity.
Basis (optional) The method you want to use for determining the days in the year according to Table 15-2, shown ...