PRICE
Description
Returns the price per $100 face value, for a security paying periodic interest.
Syntax
PRICE(
settlement
,
maturity
,
rate
,
yield
,
redemption
,
frequency
, [
basis
])
- settlement: The security's settlement date.
- maturity: The security's maturity date.
- rate: The security's annual coupon rate.
- yield: The security's annual yield.
- redemption: The security's redemption value.
- frequency: The number of coupon payments per year. 1 = annual; 2 = semiannual; 4 = quarterly.
- 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.