TBILLEQ

Definition of 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.

In order to use the TBILLEQ formula, start with your edited Excellentable:

Then type in the TBILLEQ Formula in the area you would like to display the outcome:

By adding the values you would like to calculate the TBILLEQ formula for, Excellentable will generate the outcome:

	A	B	C	D
1		Settlement	Maturity	Discount
2		1/31/2012	2/28/2013	4.50%
3		3/2/2014	5/1/2014	1%
4		2/1/2011	6/30/2011	2.50%
5		1/31/2014	12/31/2015	4%
6		2/1/2015	6/30/2015	2.50%
7
8	Result	0.025612238