Name
TBILLPRICE
Synopsis
You can use TBILLPRICE (an Analysis ToolPak function) to determine the value of a Treasury Bill for each $100 of the face value.
To Calculate
=TBILLPRICE(Settlement,Maturity,Discount)
All arguments must have values for this function.
-
Discount A numeric value that represents the discount rate for the Treasury Bill. For example, if the Treasury Bill has a discount rate of 4.5% the value of this argument is
0.045.
Example
Figure 12-24 illustrates how you can use TBILLPRICE to determine the face value or cost of a Treasury Bill.
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