Price of discounted security.

Syntax

p = prdisc(sd, md, rv, disc, basis)
p = prdisc(sd, md, rv, disc)

Arguments

sd

Settlement date. Enter as serial date number or date string. sd must be earlier than or equal to md.

md

Maturity date. Enter as serial date number or date string.

rv

Redemption (par, face) value.

disc

Discount rate of the security. Enter as decimal fraction.

basis

Day-count basis: 0 = actual/actual (default), 1 = 30/360,
2 = actual/360, 3 = actual/365.

Description

Example

sd = '10/14/1988';
md = '03/17/1989';
rv = 100;
disc = 0.087;
basis = 2;

p = prdisc(sd, md, rv, disc, basis)

 p =
    96.2783

See Also

Reference