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.