Documentation/Calc Functions/TBILLEQ

Function name:
TBILLEQ

Category:
Financial Analysis

Summary:
Calculates the annual return on a treasury bill. A treasury bill is purchased on the settlement date and sold at the full par value on the maturity date, which must fall within the same year. A discount is deducted from the purchase price.

Syntax:
TBILLEQ(Settlement; Maturity; Discount)

Returns:
Returns a real number (expressed as a percentage or fraction) which is the bond-equivalent yield for a treasury bill.

Arguments:
Settlement is a date or a reference to a cell containing that date which is the date of purchase of the security.

Maturity is a date or a reference to a cell containing that date which is the date on which the security matures (expires).

Discount is a positive real number or a reference to the cell containing that number which is the discount of security as a percentage or fraction.


 * If either Maturity or Settlement is not valid dates then the function returns an value(#VALUE!) error.
 * If Settlement date is after the Maturity date then the function returns an error value.
 * If Discount is less than or equal to 0 then the function returns an error value.

Additional details:

 * The formula for TBILLEQ is:

where DSM is the number of days between settlement and maturity computed according to the 360 days per year basis (Basis 2)



Related LibreOffice functions:
[[Special:MyLanguage/Documentation/Calc_Functions/TBILLPRICE TBILLPRICE]

[[Special:MyLanguage/Documentation/Calc_Functions/TBILLYIELD TBILLYIELD]

ODF standard:
Section 6.12.47, part 2

Equivalent Excel functions:
TBILLEQ