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YIELD

 

Syntax: @YIELD(S, M, R, PR, RD, F[, B])

S = settlement date
M = maturity date
R = annual coupon rate of the security
PR = the price of the security per $100 face value
RD = redemption value of the security at maturity per $100 face value
F = the number of coupon payments per year
B = (Optional) the day count basis to be used:

0 or omitted 30/360
1 Actual/actual
2 Actual/360
3 Actual/365

@YIELD returns the yield at maturity of a security that pays periodic interest. All dates must be entered as serial date value.

Example:

@YIELD(@DATE(91, 3, 15), @DATE(98, 10, 15), 6%, 94.1854, 100, 2, 0) = 0.07


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NExS User's Guide, Version 1.4.5
Grey Trout Software
11 April 1999