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DISC Function

The DISC function is one of the financial functions. It is used to calculate the discount rate for a security.

Syntax

DISC(settlement, maturity, pr, redemption, [basis])

The DISC function has the following arguments:

Argument Description
settlement The date when the security is purchased.
maturity The date when the security expires.
pr The purchase price of the security, per $100 par value.
redemption The redemption value of the security, per $100 par value.
basis The day count basis to use, a numeric value greater than or equal to 0, but less than or equal to 4. It is an optional argument. The possible values are listed in the table below.

The basis argument can be one of the following:

Numeric value Count basis
0 US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

Notes

Dates must be entered by using the DATE function.

How to apply the DISC function.

Examples

The figure below displays the result returned by the DISC function.

DISC Function

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