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TBILLPRICE function

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:

ArgumentDescription
settlementThe date when the Treasury bill is purchased.
maturityThe date when the Treasury bill expires. This date must be within one year of the settlement date.
discountThe 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.

TBILLPRICE Function

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