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The TBILLPRICE function is one of the financial functions. It is used to calculate the price per $100 par value for a Treasury bill.

The TBILLPRICE function syntax is:

TBILLPRICE(settlement, maturity, discount)


settlement is the date when the Treasury bill is purchased.

maturity is the date when the Treasury bill expires. This date must be within one year of the settlement date.

discount is the discount rate of the Treasury bill.

Note: dates must be entered by using the DATE function.

The values can be entered manually or included into the cell you make reference to.

To apply the TBILLPRICE function,

  1. select the cell where you wish to display the result,
  2. click the Insert function
    icon situated at the top toolbar,
    or right-click within a selected cell and select the Insert Function option from the menu,
    or click the
    icon situated at the formula bar,
  3. select the Financial function group from the list,
  4. click the TBILLPRICE function,
  5. enter the required arguments separating them by commas,
  6. press the Enter button.

The result will be displayed in the selected cell.


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