TBILLPRICE Function Explained
The TBILLPRICE Function in Microsoft Excel calculates the price per $100 face value for a Treasury bill, given the discount rate and the number of days to maturity. It takes three arguments: settlement, maturity, and discount. The settlement argument is the Treasury bill’s settlement date, the maturity argument is the Treasury bill’s maturity date, and the discount argument is the discount rate.
TBILLPRICE Function Syntax
TBILLPRICE(settlement, maturity, discount)
- 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.