Formula Engine Reference Guide
 

 

Back to Class Index

 

YIELD(S, M, R, PR, RD, F[, B])

Description
Returns the yield at maturity of a security that pays periodic interest. All dates must be entered as serial date value.
 
Parameters
S

settlement date
 
M
maturity date
 
R
annual coupon rate of the security
 
PR
the price of the security per $100 face value
 
RD
redemption value of the security at maturity per $100 face value
 
F
the number of coupon payments per year
 
B
(Optional) the day count basis to be used:
0 or omitted 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
 
Example
YIELD(DATE(91, 3, 15), DATE(98, 10, 15), 6%, 94.1854, 100, 2, 0) = 0.07