The TBILLPRICE function is one of the financial functions. It is used to calculate the price per $100 par value for a Treasury bill.
Syntax
TBILLPRICE(settlement, maturity, discount)
The TBILLPRICE 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 TBILLPRICE function.
Examples
The figure below displays the result returned by the TBILLPRICE function.
