PRICEMAT function
Returns the price per $100 face value of a security that pays interest at maturity
Syntax
PRICEMAT(settlement, maturity, issue, rate, yld, [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" |
| issue | Yes | The security's issue date."2008-10-15" |
| rate | Yes | The security's interest rate.7.85% |
| yld | Yes | The security's annual yield.6.25% |
| basis | No | The type of day count basis to use.1 |
Try PRICEMAT
Price a security paying interest at maturity
=PRICEMAT(A2,B2,C2,D2,E2,0)With US 30/360, issue-to-maturity is 180 days and settlement splits it into 90 accrued and 90 remaining days. Maturity pays 100+100*6%*180/360=103. Discount that by 1+4%*90/360=1.01, then subtract accrued interest 1.5 to get the clean price per 100. This differs from a periodic-coupon PRICE calculation.
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PRICEMAT · top-level call
=PRICEMAT(A2,B2,C2,D2,E2,0)Follow the cells behind a result
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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.