Definition. This function calculates the annual yield of a fixed-interest security in the intra-annual area (without 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 one year.
Pr (required) The percentage of the par value of a security (as if it was 100 monetary units).
Basis (optional) The method you want to use for determining the days in the year according to Table 15-2, shown earlier. If this argument is omitted, Excel calculates with ...