{"id":926,"date":"2019-04-22T17:51:22","date_gmt":"2019-04-22T14:51:22","guid":{"rendered":"https:\/\/www.test4u.eu\/excelpedia\/?p=926"},"modified":"2019-04-22T17:51:26","modified_gmt":"2019-04-22T14:51:26","slug":"the-price-function","status":"publish","type":"post","link":"https:\/\/www.test4u.eu\/excelpedia\/the-price-function\/","title":{"rendered":"The PRICE Function"},"content":{"rendered":"\n<p>It calculates the price per $100 face value of a security that pays periodic interest.<\/p>\n\n\n\n<p>The syntax of the function is the following: <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>PRICE<\/strong><em>(<strong>settlement<\/strong><span><b>, maturity, rate, yield, redemption, frequency, [basis]<\/b><\/span><\/em>) <\/p><cite><strong>settlement<\/strong>: The settlement date of the security.     <br><strong>maturity<\/strong>: The maturity date of the security.   <br><strong>rate<\/strong>: The annual coupon rate of the security.    <br><strong>yield<\/strong>: The annual yield of the security.    <br><strong>redemption<\/strong>: The redemption value per $100 face value of the security.    <br><strong>frequency<\/strong>: The number of coupon payments per year (annual=1, semiannual=2, quarterly=4).      <br><strong>[basis]<\/strong>: Optional. The type of day count basis (default is 0).      <br><\/cite><\/blockquote>\n\n\n\n<p>If the dates entered are not valid dates the function returns a #VALUE! error.<\/p>\n\n\n\n<p>If yield or rate are less than or equal to zero the #NUM! error is returned.<\/p>\n\n\n\n<p>If basis is not inside the valid values (between 0 and 4) the #NUM! error is returned.<\/p>\n\n\n\n<p>If the settlement date is after the maturity date the #NUM! error is returned<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Click on the button to practice using this function, with the help of our <strong>Online Assessment Tool<\/strong>:<\/p>\n\n\n<p class=\"button-practice-container\" ><a class=\"button button-primary button-practice\" style=\"height:auto\"  href=\"https:\/\/www.test4u.eu\/excelpedia\/wp-content\/plugins\/unlimited-integration\/run.php?id=Q0FBREJESS9BNERMcGhBekpoZjRwM0pVK0tFK0NveWd3QzUyNU1UeHE0az0=&b=NHRiNy9jV1M2aW0rcFlMNkRlbW9IVGtud1Y0RStPeWU3UEg5a0ZCSUJzanNPV1RiajRtdzc4SENqL3U5MDFpOGo0YVZ5alRGM2lKUWJ5dnVLaWdFUlNCZEhocW11ZTN6RDJUOW9zQVhqdTQ9\">Practice<\/a><\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n\n<p class=\"has-medium-font-size\"><strong>Here is an example of how to use the PRICE function:<\/strong><\/p>\n\n\n\n<p>Use the proper function in the cell C2, to calculate the price per 100 dollars face value of a security that pays periodic interest. All the information you need is displayed in the current worksheet.<\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe class=\"youtube-player\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/FWsHf5pxvUg?version=3&#038;rel=0&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>It calculates the price per $100 face value of a security that pays periodic interest.<\/p>\n","protected":false},"author":2,"featured_media":927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[115,119],"class_list":["post-926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-functions","tag-financial","tag-price"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.test4u.eu\/excelpedia\/wp-content\/uploads\/2019\/04\/price.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paRnIz-eW","_links":{"self":[{"href":"https:\/\/www.test4u.eu\/excelpedia\/wp-json\/wp\/v2\/posts\/926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.test4u.eu\/excelpedia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.test4u.eu\/excelpedia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.test4u.eu\/excelpedia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.test4u.eu\/excelpedia\/wp-json\/wp\/v2\/comments?post=926"}],"version-history":[{"count":0,"href":"https:\/\/www.test4u.eu\/excelpedia\/wp-json\/wp\/v2\/posts\/926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.test4u.eu\/excelpedia\/wp-json\/wp\/v2\/media\/927"}],"wp:attachment":[{"href":"https:\/\/www.test4u.eu\/excelpedia\/wp-json\/wp\/v2\/media?parent=926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.test4u.eu\/excelpedia\/wp-json\/wp\/v2\/categories?post=926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.test4u.eu\/excelpedia\/wp-json\/wp\/v2\/tags?post=926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}