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Formula Generator - PRICEDISC function

The PRICEDISC function calculates the price of a discount (non-interest-bearing) security, based on the expected yield. It takes into account the settlement date, maturity date, discount rate, redemption value, and optional day count convention.
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How to generate an PRICEDISC formula using AI.

To obtain the PRICEDISC formula from an AI chatbot, you can ask the following question: "Can you provide me with the formula for calculating the price of a discounted security using the PRICEDISC function in Excel?"

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PRICEDISC formula syntax.

The PRICEDISC function in Excel calculates the price per $100 face value of a discounted security, such as a Treasury bill. The syntax for PRICEDISC is: PRICEDISC(settlement, maturity, discount, redemption, [basis]) - settlement: The date on which the security is purchased. - maturity: The date on which the security matures. - discount: The discount rate of the security. - redemption: The redemption value per $100 face value of the security. - [basis]: Optional argument that specifies the day count basis to use for calculations. If omitted, it defaults to the U.S. (NASD) 30/360 basis. The PRICEDISC function returns the price per $100 face value of the security. Example usage: PRICEDISC("1/1/2022", "12/31/2022", 0.05, 100, 0) would calculate the price per $100 face value of a security with a 5% discount rate, maturing on December 31, 2022, and a redemption value of $100.

Use Cases & Examples In these use cases, we use the PRICEDISC formula to calculate the discounted price of a security based on its face value, discount rate, and number of days to maturity. The PRICEDISC formula helps determine the price at which a discounted security is sold in the market.
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Provide Clear Context When describing your requirements to the AI, provide clear and concise context about the data you have, the specific task you want to accomplish, and any relevant constraints or conditions. This helps the AI understand the problem accurately.
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