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web-apps/apps/spreadsheeteditor/main/resources/help/en/Functions/disc.htm

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<!DOCTYPE html>
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<title>DISC Function</title>
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<h1>DISC Function</h1>
<p>The <b>DISC</b> function is one of the financial functions. It is used to calculate the discount rate for a security.</p>
<p>The <b>DISC</b> function syntax is:</p>
<p style="text-indent: 150px;"><b><em>DISC(settlement, maturity, pr, redemption[, [basis]])</em></b></p>
<p><em>where</em></p>
<p style="text-indent: 50px;"><b><em>settlement</em></b> is the date when the security is purchased.</p>
<p style="text-indent: 50px;"><b><em>maturity</em></b> is the date when the security expires.</p>
<p style="text-indent: 50px;"><b><em>pr</em></b> is the purchase price of the security, per $100 par value.</p>
<p style="text-indent: 50px;"><b><em>redemption</em></b> is the redemption value of the security, per $100 par value.</p>
<p style="text-indent: 50px;"><b><em>basis</em></b> is the day count basis to use, a numeric value greater than or equal to 0, but less than or equal to 4. It is an optional argument. It can be one of the following:</p>
<table style="width: 40%">
<tr>
<td><b>Numeric value</b></td>
<td><b>Count basis</b></td>
</tr>
<tr>
<td>0</td>
<td>US (NASD) 30/360</td>
</tr>
<tr>
<td>1</td>
<td>Actual/actual</td>
</tr>
<tr>
<td>2</td>
<td>Actual/360</td>
</tr>
<tr>
<td>3</td>
<td>Actual/365</td>
</tr>
<tr>
<td>4</td>
<td>European 30/360</td>
</tr>
</table>
<p class="note"><b>Note:</b> dates must be entered by using the DATE function.</p>
<p>The values can be entered manually or included into the cell you make reference to.</p>
<p>To apply the <b>DISC</b> function,</p>
<ol>
<li>select the cell where you wish to display the result,</li>
<li>
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click the <b>Insert function</b> <div class = "icon icon-insertfunction"></div> icon situated at the top toolbar,
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<br />or right-click within a selected cell and select the <b>Insert Function</b> option from the menu,
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<br />or click the <div class = "icon icon-function"></div> icon situated at the formula bar,
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</li>
<li>select the <b>Financial</b> function group from the list,</li>
<li>click the <b>DISC</b> function,</li>
<li>enter the required arguments separating them by commas,</li>
<li>press the <b>Enter</b> button.</li>
</ol>
<p>The result will be displayed in the selected cell.</p>
<p style="text-indent: 150px;"><img alt="DISC Function" src="../images/disc.png" /></p>
</div>
</body>
</html>
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