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PRICEDISC

 

Syntax: @PRICEDISC(S, M, D, RD[, B])

S = settlement date
M = maturity date
D = discount rate of the security
RD = redemption value of the security at maturity per $100 face value
B = (Optional) the day count basis to be used:

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

@PRICEDISC returns the price per $100 face value of a discounted security.

Example:

@PRICEDISC(@DATE(93, 2, 1), @DATE(93, 6, 1), 6.5%, 100, 0) = 97.8333


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