Calculates the annual yield for a bond that pays interest on maturity.
Syntax
settlement: Date of purchase of the security. Eg., "5/1/2017"
issue_date: The issue date of the security. Eg., "2/23/2016"
rate: The interest rate per period. Eg., 2.33%
price: The price of the security. Eg., 500
basis: Indicates the day count method to use. Defaults to 0 if omitted.
Examples
Formula |
Result |
=YIELDMAT(A2;B2;C2;D2;E2;F2) |
-0.265312148 |
=YIELDMAT(A3;B3;C3;D3;E3;F3) |
-0.216151719 |
=YIELDMAT(A4;B4;C4;D4;E4;F4) |
0.597128128 |
Possible Errors
Errors |
Meaning |
#N/A! |
|
#NAME! |
|
#VALUE! |
|
#REF! |
|
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