DISC

Function Type: Financial

Description:

Returns the discount rate for a security.

Function Structure:

=DISC(settlement, maturity, pr, redemption, [basis]).

Argument Breakdown:

settlement – Settlement date of the security.

maturity – Maturity date of the security.

pr – Security price per $100 face value.

redemption – Security redemption value per $100 face value.

basis – Day count basis.

Example:

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