It calculates the price per $100 face value of a discounted security.
The syntax of the function is the following:
PRICEDISC(settlement, maturity, discount, redemption, frequency, [basis])
settlement: The settlement date of the security.
maturity: The maturity date of the security.
discount: The discount rate of the security.
redemption: The redemption value per $100 face value of the security.
[basis]: Optional. The type of day count basis (default is 0).
If the dates entered are not valid dates the function returns a #VALUE! error.
If discount or redemption are less than or equal to zero the #NUM! error is returned.
If basis is not inside the valid values (between 0 and 4) the #NUM! error is returned.
If the settlement date is after the maturity date the #NUM! error is returned
Click on the button to practice using this function, with the help of our Online Assessment Tool:
Here is an example of how to use the PRICEDISC function:
Use the proper function in the cell C2, to calculate the price per 100 dollars face value of a discounted security. All the information you need is displayed in the current worksheet.