Syntax. YIELDDISC(Settlement,Maturity,Pr,Redemption,Basis)

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 ...

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