Name
YIELDDISC
Synopsis
You can use YIELDDISC (an Analysis ToolPak function) to determine the interest earned (yield) on a discounted security. This function can only be used with a security that pays interest on a set schedule, such as monthly or annually.
To Calculate
=YIELDDISC(Settlement,Maturity,PR,Redemption,Basis)
The Basis argument is the only optional
argument. All other arguments must have values.
Example
Figure 12-28 illustrates how YIELDDISC can be used to determine the yield of a discounted security.
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