DISC
Description
Returns the discount rate for a security.
Syntax
DISC(
settlement
,
maturity
,
par
,
redemption
, [
basis
])
- settlement: The security's settlement date.
- maturity: The security's maturity date.
- par: The security's price.
- redemption: The security's redemption value.
- basis: The financial day count to use, shown here using x/y where x = days per month and y = days per year. 0 or Empty = US NASD 30/360; 1 = actual/actual; 2 = actual/360; 3 = actual/365; 4 = European 30/360.