72 lines
3.8 KiB
HTML
72 lines
3.8 KiB
HTML
<!DOCTYPE html>
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<html>
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<head>
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<title>YIELDDISC Function</title>
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<meta charset="utf-8" />
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<meta name="description" content="" />
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<script type="text/javascript" src="../callback.js"></script>
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<script type="text/javascript" src="../search/js/page-search.js"></script>
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</head>
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<body>
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<div class="mainpart">
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<div class="search-field">
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<input id="search" class="searchBar" placeholder="Search" type="text" onkeypress="doSearch(event)">
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</div>
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<h1>YIELDDISC Function</h1>
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<p>The <b>YIELDDISC</b> function is one of the financial functions. It is used to calculate the annual yield of a discounted security.</p>
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<p>The <b>YIELDDISC</b> function syntax is:</p>
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<p style="text-indent: 150px;"><b><em>YIELDDISC(settlement, maturity, pr, redemption,[, [basis]])</em></b></p>
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<p><em>where</em></p>
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<p style="text-indent: 50px;"><b><em>settlement</em></b> is the date when the security is purchased.</p>
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<p style="text-indent: 50px;"><b><em>maturity</em></b> is the date when the security expires.</p>
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<p style="text-indent: 50px;"><b><em>pr</em></b> is the purchase price of the security, per $100 par value.</p>
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<p style="text-indent: 50px;"><b><em>redemption</em></b> is the redemption value of the security, per $100 par value.</p>
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<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>
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<table style="width: 40%">
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<tr>
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<td><b>Numeric value</b></td>
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<td><b>Count basis</b></td>
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</tr>
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<tr>
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<td>0</td>
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<td>US (NASD) 30/360</td>
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</tr>
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<tr>
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<td>1</td>
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<td>Actual/actual</td>
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</tr>
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<tr>
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<td>2</td>
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<td>Actual/360</td>
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</tr>
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<tr>
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<td>3</td>
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<td>Actual/365</td>
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</tr>
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<tr>
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<td>4</td>
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<td>European 30/360</td>
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</tr>
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</table>
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<p class="note"><b>Note:</b> dates must be entered by using the DATE function.</p>
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<p>The values can be entered manually or included into the cell you make reference to.</p>
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<p>To apply the <b>YIELDDISC</b> function,</p>
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<ol>
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<li>select the cell where you wish to display the result,</li>
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<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>
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<li>select the <b>Financial</b> function group from the list,</li>
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<li>click the <b>YIELDDISC</b> function,</li>
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<li>enter the required arguments separating them by commas,</li>
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<li>press the <b>Enter</b> button.</li>
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</ol>
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<p>The result will be displayed in the selected cell.</p>
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<p style="text-indent: 150px;"><img alt="YIELDDISC Function" src="../images/yielddisc.png" /></p>
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</div>
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</body>
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</html> |