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TBILLEQ

TBILLEQ

Name

TBILLEQ -- 

Synopsis

TBILLEQ(settlement,maturity,discount)

Description

TBILLEQ function returns the bond-yield equivalent (BEY) for a treasury bill. TBILLEQ is equivalent to (365 * @discount) / (360 - @discount * DSM) where DSM is the days between @settlement and @maturity.

If @settlement is after @maturity or the @maturity is set to over one year later than the @settlement, TBILLEQ returns #NUM! error. If @discount is negative, TBILLEQ returns #NUM! error.

Examples

See also

TBILLPRICE, TBILLYIELD.