TBILLEQ

Calculates the equivalent annualized rate of return of a US Treasury Bill based on discount rate.

Sample Usage

TBILLEQ(DATE(2010,1,2), DATE(2010,12,31), .09)

TBILLEQ(A2,B2,C2)

Syntax

TBILLEQ(settlement, maturity, discount)

• settlement - The settlement date of the security, the date after issuance when the security is delivered to the buyer.

• maturity - The maturity or end date of the security, when it can be redeemed at face or par value.

• discount - The discount rate of the bill at time of purchase.

Notes

• settlement and maturity should be entered using DATE, TO_DATE or other date parsing functions rather than by entering text.

See Also

TBILLYIELD: Calculates the yield of a US Treasury Bill based on price.

TBILLPRICE: Calculates the price of a US Treasury Bill based on discount rate.

Examples