DISC function
Returns the discount rate for a security
Syntax
DISC(settlement, maturity, pr, redemption, [basis])Square brackets indicate optional arguments.
Arguments
| Argument | Required | Meaning |
|---|---|---|
| settlement | Yes | The security's settlement date."2018-7-1" |
| maturity | Yes | The security's maturity date."2048-1-1" |
| pr | Yes | The security's price per $100 face value.97.975 |
| redemption | Yes | The security's redemption value per $100 face value.100 |
| basis | No | The type of day count basis to use.1 |
Try DISC
Express a discount relative to redemption value
=DISC(A2,B2,C2,D2,3)The discount is 3 per 100 redemption. Annualise that redemption-based fraction by multiplying by 365/181 under basis 3.
Inspect the current formula
Read its written arguments or observe actual operation values in a separate local calculation. This action neither applies a draft nor grades an answer.
Read the formula, one argument at a time
Explore the written function calls and their inputs. The calculation result belongs to the complete formula.
DISC · top-level call
=DISC(A2,B2,C2,D2,3)Follow the cells behind a result
Read explicit local references and helper formulas using a separate calculation. Your draft stays in this field; the worksheet and practice checks do not change.
The worksheet runs locally. Published checks apply to the supplied example only. Native Excel and Google Sheets compatibility remain unverified.
Reference and compatibility
Univer 1.0.4 / Apache-2.0. Calculation checks cover the supplied examples only. The browser worksheet does not implement every Excel feature, external service or connected data type.