Calculates the price of a US Treasury Bill based on discount rate.
Sample Usage
TBILLPRICE(DATE(2010,1,2), DATE(2010,12,31), .0125)
TBILLPRICE(A2,B2,C2)
Syntax
TBILLPRICE(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
andmaturity
should be entered usingDATE
,TO_DATE
or other date parsing functions rather than by entering text. -
TBILLPRICE
is equivalent to usingPRICEDISC
with US Treasury Bill conventions for the absent parameters. -
maturity
must be one year or less from thesettlement
date. -
discount
is a percentage and must be entered as a positive number from zero to one.
See Also
TBILLYIELD
: Calculates the yield of a US Treasury Bill based on price.
PRICEDISC
: Calculates the price of a discount (non-interest-bearing) security, based on expected yield.
PRICE
: Calculates the price of a security paying periodic interest, such as a US Treasury Bond, based on expected yield.