PRICE function
Returns the price per $100 face value of a security that pays periodic interest
Syntax
PRICE(settlement, maturity, rate, yld, redemption, frequency, [basis])Square brackets indicate optional arguments.
Arguments
| Argument | Required | Meaning |
|---|---|---|
| settlement | Yes | The security's settlement date."2008-11-11" |
| maturity | Yes | The security's maturity date."2021-3-1" |
| rate | Yes | The security's interest rate.7.85% |
| yld | Yes | The security's annual yield.6.25% |
| redemption | Yes | The security's redemption value per $100 face value.100 |
| frequency | Yes | The number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for quarterly, frequency = 4.2 |
| basis | No | The type of day count basis to use.1 |
Try PRICE
Discount four remaining bond cash flows
=PRICE(A2,B2,C2,D2,100,2,0)Settlement is on a coupon date, leaving payments 3,3,3,103 per 100 face value over four half-years. Discount each payment by 1.02 raised to its period number and add them. With no accrued interest on this date, that present value is also the clean price. Rates are annual decimals; frequency 2 divides both rates into half-years. This is a synthetic fixed-cash-flow example, not a market quote.
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PRICE · top-level call
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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.