prtbill (Financial Toolbox)

Price of Treasury bill

Syntax

Price = prtbill(Settle, Maturity, Face, 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.

Face
Redemption (par, face) value.

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.
`Face`	Redemption (par, face) value.
`Discount`	Discount rate of the Treasury bill. Enter as decimal fraction.

Description

Price = prtbill(Settle, Maturity, Face, Discount) returns the price for a Treasury bill.

Examples

The settlement date of a Treasury bill is February 10, 2002, the maturity date is August 6, 2002, the discount rate is 3.77%, and the par value is $1000. Using this data

Price = prtbill('2/10/2002', '8/6/2002', 1000, 0.0377)

returns

```
Price =
        981.4642
```

See Also

beytbill, yldtbill

References

Bodie, Kane, and Marcus, Investments, pages 41-43.

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