Documentation/Calc Functions/PRICEDISC

Function name:
PRICEDISC

Category:
Financial Analysis

Summary:
Calculates the price per 100 currency units of par value of a non-interest- bearing security.

Syntax:
PRICEDISC(Settlement; Maturity; Discount; Redemption[; Basis])

Returns:
Returns a non-negative real number which is the price of a security with a discount per 100 currency units of face value.

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.

Redemption is a positive real number or a reference to a cell containing that number which is the redemption value per 100 currency units of par value.


 * 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 Basis is a non-integer value, then the function uses their floor value, i.e. they are truncated to an integer value.
 * If either of Discount or Redemption is less than or equal to 0 then the function returns an error value.
 * After truncation if Basis is any number except 0,1,2,3,4 or missing (passed as empty argument or not passed at all),then the function will return an error value.

Additional details:
None

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

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

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

ODF standard:
Section 3.12.39, part 2

Equivalent Excel functions:
PRICEDISC