PRICEDISC Function Explained
The PRICEDISC Function in Microsoft Excel calculates the discounted price for a security. It takes three arguments: settlement, maturity, and discount. The settlement argument is the security’s settlement date, the maturity argument is the security’s maturity date, and the discount argument is the security’s discount rate. The function returns the discounted price of the security.
PRICEDISC Function Syntax
PRICEDISC(settlement, maturity, discount, [basis])
- settlement: The security’s settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.
- maturity: The security’s maturity date. The maturity date is the date when the security expires.
- discount: The security’s discount rate.
- [basis]: An optional argument. The type of day count basis to use. If omitted, it defaults to 0 (US (NASD) 30/360).