Documentation/Calc Functions/PRICEMAT

Function name:
PRICEMAT

Category:
Financial Analysis

Summary:
Calculates the price per 100 currency units of par value of a security, that pays interest on the maturity date.

Syntax:
PRICEMAT(Settlement; Maturity; Issue; Rate; Yield[; Basis])

Returns:
Returns a non-negative real number which is the price per 100 currency units of the face value of the security that pays interest on the maturity date.

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).

Issue is the date of issue of the security.

Rate is a positive real number or a reference to a cell containing that number which is the annual rate of interest (coupon interest rate).

Yield is a positive real number or a reference to a cell containing that number which is the annual yield of the security.


 * If Yield less than 0 then the function returns an error 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 Rate is less than or equal to 0 then the function will return an error value.
 * If Basis is non-integer values, then the function uses their floor value, i.e. they are truncated to an integer 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/PRICEDISC PRICEDISC]

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

ODF standard:
Section 6.12.40, part 2

Equivalent Excel functions:
PRICEMAT