DISC Function
The DISC function is one of the financial functions. It is used to calculate the discount rate for a security.
The DISC function syntax is:
DISC(settlement, maturity, pr, redemption[, [basis]])
where
settlement is the date when the security is purchased.
maturity is the date when the security expires.
pr is the purchase price of the security, per $100 par value.
redemption is the redemption value of the security, per $100 par value.
basis 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:
| Numeric value | Count basis |
| 0 | US (NASD) 30/360 |
| 1 | Actual/actual |
| 2 | Actual/360 |
| 3 | Actual/365 |
| 4 | European 30/360 |
Note: dates must be entered by using the DATE function.
The values can be entered manually or included into the cell you make reference to.
To apply the DISC function,
- select the cell where you wish to display the result,
-
click the Insert function
icon situated at the top toolbar,
or right-click within a selected cell and select the Insert Function option from the menu,
or click the
icon situated at the formula bar,
- select the Financial function group from the list,
- click the DISC function,
- enter the required arguments separating them by commas,
- press the Enter button.
The result will be displayed in the selected cell.
