YIELD function
Returns the yield on a security that pays periodic interest
Syntax
YIELD(settlement, maturity, rate, pr, 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% |
| pr | Yes | The security's price per $100 face value.98.45 |
| 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 YIELD
Reprice an exact zero yield without a negative residue
=PRICE(DATE(2026,1,15),DATE(2056,1,15),A2,YIELD(DATE(2026,1,15),DATE(2056,1,15),A2,B2,C2,D2,E2),C2,D2,E2)The quote and redemption are both 100 and no coupons are paid. Repricing the solved zero rate returns 100. This retains the PRICE domain check instead of suppressing its error with a fallback.
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YIELD · inside PRICE
=PRICE(DATE(2026,1,15),DATE(2056,1,15),A2,YIELD(DATE(2026,1,15),DATE(2056,1,15),A2,B2,C2,D2,E2),C2,D2,E2)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.