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Formula generator for PRICEMAT function

The PRICEMAT function is used to calculate the price of a security that pays interest at maturity, based on the expected yield. It takes several arguments including the settlement date, maturity date, issue date, annual coupon rate, expected yield, and an optional day count convention. The function returns the price per $100 face value of the security.

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How to generate an PRICEMAT formula using AI.

To obtain information on the ARRAY_CONSTRAIN formula, you could ask the AI chatbot the following question: “To get the PRICEMAT formula, you can ask the AI chatbot the following question: "What is the formula to calculate the price per unit of a security with accrued interest using PRICEMAT in Excel?"

PRICEMAT formula syntax

The PRICEMAT formula in Excel is used to calculate the price per $100 face value of a security that pays interest at maturity. The syntax for PRICEMAT is as follows: PRICEMAT(settlement, maturity, issue, rate, yld, basis) - settlement: The date on which the security is purchased. - maturity: The date on which the security matures. - issue: The date on which the security was issued. - rate: The annual interest rate of the security. - yld: The annual yield of the security. - basis: The day count basis to use for calculations. It's important to note that the settlement, maturity, and issue dates should be entered using the DATE function or as references to cells containing dates. The rate and yld arguments should be entered as decimals or references to cells containing decimal values. The basis argument is optional and determines the day count basis to use for calculations. If omitted, Excel uses the default basis of 0 (US (NASD) 30/360). The PRICEMAT formula returns the price per $100 face value of the security as a decimal value.

Use Cases & Examples

In these use cases, we use the PRICEMAT formula to calculate the price per $100 face value of a security with an annual coupon rate and a specified maturity date. The PRICEMAT formula takes into account the settlement date, maturity date, coupon rate, yield, and frequency of interest payments to determine the price per $100 face value.

In these use cases, we use the PRICEMAT formula to calculate the price per $100 face value of a security with an annual coupon rate and a specified maturity date. The PRICEMAT formula takes into account the settlement date, maturity date, coupon rate, yield, and frequency of interest payments to determine the price per $100 face value.

Description

Calculates the price of a bond that pays interest at maturity, based on the expected yield.

Result

PRICEMAT(settlement, maturity, issue, rate, yield, [day_count_convention])

Portfolio Valuation

Description

Calculates the total value of a portfolio of securities paying interest at maturity, based on the expected yield.

Result

SUM(PRICEMAT(settlement, maturity, issue, rate, yield, [day_count_convention]), ...)

Bond Yield Calculation

Description

Calculates the yield of a bond that pays interest at maturity, based on the expected price.

Result

PRICEMAT(settlement, maturity, issue, rate, YIELD(settlement, maturity, issue, rate, price, [guess]), [day_count_convention])

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FAQ

Frequently Asked Questions

  • The PRICEMAT function in Excel is used to calculate the price per $100 face value of a security that pays interest at maturity.
  • To use the PRICEMAT function, you need to provide the settlement date, maturity date, issue date, rate, and yield arguments. The function will then calculate the price per $100 face value of the security.
  • The PRICEMAT function requires the following arguments: settlement date, maturity date, issue date, rate, and yield. These arguments define the terms of the security and are used to calculate the price per $100 face value.
  • Yes, the PRICEMAT function can handle different types of securities as long as they pay interest at maturity. It is commonly used for bonds and other fixed-income securities.
  • The PRICEMAT function may not be suitable for securities with irregular payment schedules or securities that do not pay interest at maturity. It is important to ensure that the function is appropriate for the specific security being analyzed.

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