Skip to main content
← All functions

YIELDMAT function

Returns the annual yield of a security that pays interest at maturity

Syntax

YIELDMAT(settlement, maturity, issue, rate, pr, [basis])

Square brackets indicate optional arguments.

Arguments

ArgumentRequiredMeaning
settlementYesThe security's settlement date."2008-11-11"
maturityYesThe security's maturity date."2021-3-1"
issueYesThe security's issue date."2008-10-15"
rateYesThe security's interest rate.7.85%
prYesThe security's price per $100 face value.98.45
basisNoThe type of day count basis to use.1

Try YIELDMAT

Infer simple yield for an interest-at-maturity security

=YIELDMAT(A2,B2,C2,D2,E2,0)

The maturity receipt is 103, while clean price plus accrued interest is 103/1.01. The remaining 90/360 year therefore earns 1%, which annualises to 4% under this simple-yield convention. Dates and basis must match the PRICEMAT setup; this is not a compound annual return.

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.

YIELDMAT · top-level call

=YIELDMAT(A2,B2,C2,D2,E2,0)

1 / 6 · settlement

The security's settlement date.

YIELDMAT reference ↗

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.