PRICEDISC
Description
Returns the price per $100 face value, for a discounted security paying periodic interest.
Syntax
PRICEDISC(
settlement
,
maturity
,
discount
,
redemption
, [
basis
])
- settlement: The security's settlement date.
- maturity: The security's maturity date.
- discount: The security's discount rate.
- 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.