Function Type: Financial
Returns the yield on a security that pays periodic interest.
=YIELD(settlement, maturity, rate, pr, redemption, frequency, [basis]).
settlement – This is the settlement date of the security. It is a date after the security is traded to the buyer that is after the issue date.
maturity – This is the maturity date of the security. It is the date when the security expires.
rate – The annual coupon rate.
pr – The price of the security per $100 face value.
redemption – This is the redemption value per $100 face value.
frequency – The number of coupon payments per year. It must be one of the following: 1 = Annually, 2 = Semi-annually, 4 = Quarterly.
basis – Specifies the financial day count basis that is used by the security.
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