PRICEMAT

Function Type: Financial

Description:

Returns the price per $100 face value of a security that pays interest at maturity.

Function Structure:

=PRICEMAT(settlement, maturity, issue, yld, [basis]).

Argument Breakdown:

settlement – The security’s settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.

maturity – The security’s maturity date. The maturity date is the date when the security expires.

issue – The security’s issue date, expressed as a serial date number.

yld – The security’s annual yield.

basis – The type of day count basis to use.

Example:

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