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TBILLEQ(S, M, D)

Description
Returns the bond-yield equivalent (BEY) for a Treasury Bill equivalent to a bond, given settlement date S, maturity date M, and discount rate D. Dates must be expressed as serial date values. If the term is one half-year or less, BEY is equivalent to a actural/365 simple interest rate. If the term of the security is more than one-half year, BEY is equivalent to a semiannually compounded Treasury bond yield.
 
Parameters
S
Settlement date
 
M
Maturity date
 
D
Discount rate of Treasury bill
 
Examples
TBILLEQ(DATE(93, 3, 31), DATE(93, 6, 20), 9.14%) = 0.09462
 
TBILLEQ(DATE(93, 3, 31), DATE(93, 12, 15), 9.14%) = 0.09819