PRICEDISC

Function Type: Financial

Description:

Returns the price per $100 face value of a discounted security.

Function Structure:

=PRICEDISC(settlement, maturity, discount, redemption, [basis]).

Argument Breakdown:

settlement – Settlement date of the security.

maturity – Maturity date of the security.

discount – Discount rate of the security.

redemption – Redemption value per $100 face value.

basis – Day count basis.

Example:

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