Financial Toolbox

ylddisc

Yield of discounted security

Syntax

• Yield = ylddisc(Settle, Maturity, Face, Price, Basis)
  

Arguments

Settle	Settlement date. Enter as serial date number or date string. Settle must be earlier than or equal to Maturity.
Maturity	Maturity date. Enter as serial date number or date string.
Face	Redemption (par, face) value.
Price	Discounted price of the security.
Basis	(Optional) Day-count basis: 0 = actual/actual (default), 1 = 30/360, 2 = actual/360, 3 = actual/365.

Description

Yield = ylddisc(Settle, Maturity, Face, Price, Basis) finds the yield of a discounted security.

Examples

Using the data

• Settle = '10/14/2000';
  Maturity = '03/17/2001';
  Face = 100;
  Price = 96.28;
  Basis = 2;
  
  Yield = ylddisc(Settle, Maturity, Face, Price, Basis)
  

returns

• Yield =
  
          0.0903 (or 9.03%)
  

See Also

acrudisc, bndprice, bndyield, prdisc, yldmat, yldtbill

References

Mayle, Standard Securities Calculation Methods, Volumes I-II, 3rd edition. Formula 1.

yearfrac

yldmat