beytbill (Financial Toolbox)

Bond equivalent yield for Treasury bill

Syntax

Yield = beytbill(Settle, Maturity, Discount)

Arguments

Settle
Enter as serial date number or date string. Settle must be earlier than or equal to Maturity.

Maturity
Enter as serial date number or date string.

Discount
Discount rate of the Treasury bill. Enter as decimal fraction.

`Settle`	Enter as serial date number or date string. `Settle` must be earlier than or equal to `Maturity`.
`Maturity`	Enter as serial date number or date string.
`Discount`	Discount rate of the Treasury bill. Enter as decimal fraction.

Description

Yield = beytbill(Settle, Maturity, Discount) returns the bond equivalent yield for a Treasury bill.

Examples

The settlement date of a Treasury bill is February 11, 2000, the maturity date is August 7, 2000, and the discount rate is 5.77%. The bond equivalent yield is

Yield = beytbill('2/11/2000', '8/7/2000', 0.0577)

Yield =
        0.0602

See Also

datenum, prtbill, yldtbill

annuterm binprice