Yield of discounted security.

Syntax

y = ylddisc(sd, md, rv, price, basis)
y = ylddisc(sd, md, rv, price)

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.

price

Discounted price of the security.

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;
price = 96.28;
basis = 2;

y = ylddisc(sd, md, rv, price, basis)

y =
    0.0903 (or 9.03%)

See Also

Reference