Definition of TBILLPRICE
Calculates the price of a US Treasury Bill based on discount rate.
TBILLPRICE(DATE(2010,1,2), DATE(2010,12,31), 1.25)
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.
maturityshould be entered using
TO_DATEor other date parsing functions rather than by entering text.
TBILLPRICEis equivalent to using
PRICEDISCwith US Treasury Bill conventions for the absent parameters.
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.
In order to use the TBILLPRICE formula, start with your edited Excellentable:
Then type in the TBILLPRICE Formula in the area you would like to display the outcome:
By adding the values you would like to calculate the TBILLPRICE formula for, Excellentable will generate the outcome: