TBILLEQ function
The TBILLEQ function is one of the financial functions. It is used to calculate the bond-equivalent yield of a Treasury bill.
Syntax
TBILLEQ(settlement, maturity, discount)
The TBILLEQ function has the following arguments:
| Argument | Description |
|---|---|
| settlement | The date when the Treasury bill is purchased. |
| maturity | The date when the Treasury bill expires. This date must be within one year of the settlement date. |
| discount | The discount rate of the Treasury bill. |
Notes
Dates must be entered by using the DATE function.
How to apply the TBILLEQ function.
Examples
The figure below displays the result returned by the TBILLEQ function.
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