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PRICEDISC function

The PRICEDISC function is one of the financial functions. It is used to calculate the price per $100 par value for a discounted security.

Syntax

PRICEDISC(settlement, maturity, discount, redemption, [basis])

The PRICEDISC function has the following arguments:

ArgumentDescription
settlementThe date when the security is purchased.
maturityThe date when the security expires.
discountThe security discount rate.
redemptionThe redemption value of the security, per $100 par value.
basisThe day count basis to use, a numeric value greater than or equal to 0, but less than or equal to 4. It is an optional argument. The possible values are listed in the table below.

The basis argument can be one of the following:

Numeric valueCount basis
0US (NASD) 30/360
1Actual/actual
2Actual/360
3Actual/365
4European 30/360
Notes

Dates must be entered by using the DATE function.

How to apply the PRICEDISC function.

Examples

The figure below displays the result returned by the PRICEDISC function.

PRICEDISC Function

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