prtbill (Financial Toolbox)

Price of Treasury bill.

Syntax

p = prtbill(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 Treasury bill. Enter as decimal fraction.

Description

p = prtbill(sd, md, rv, disc)

returns the price p for a Treasury bill.

Example

The settlement date of a Treasury bill is February 10, 1992, the maturity date is August 6, 1992, the discount rate is 3.77%, and the par value is $1000. Using this data:

p = prtbill('2/10/1992', '8/6/1992', 1000, 0.0377)

returns

p =
        981.3594