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Formula Generator - PRICEMAT function

The PRICEMAT function is used to calculate the price of a security that pays interest at maturity, based on the expected yield. It takes several arguments including the settlement date, maturity date, issue date, annual coupon rate, expected yield, and an optional day count convention. The function returns the price per $100 face value of the security.
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How to generate an PRICEMAT formula using AI.

To get the PRICEMAT formula, you can ask the AI chatbot the following question: "What is the formula to calculate the price per unit of a security with accrued interest using PRICEMAT in Excel?"

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PRICEMAT formula syntax.

The PRICEMAT formula in Excel is used to calculate the price per $100 face value of a security that pays interest at maturity. The syntax for PRICEMAT is as follows: PRICEMAT(settlement, maturity, issue, rate, yld, basis) - settlement: The date on which the security is purchased. - maturity: The date on which the security matures. - issue: The date on which the security was issued. - rate: The annual interest rate of the security. - yld: The annual yield of the security. - basis: The day count basis to use for calculations. It's important to note that the settlement, maturity, and issue dates should be entered using the DATE function or as references to cells containing dates. The rate and yld arguments should be entered as decimals or references to cells containing decimal values. The basis argument is optional and determines the day count basis to use for calculations. If omitted, Excel uses the default basis of 0 (US (NASD) 30/360). The PRICEMAT formula returns the price per $100 face value of the security as a decimal value.

Use Cases & Examples In these use cases, we use the PRICEMAT formula to calculate the price per $100 face value of a security with an annual coupon rate and a specified maturity date. The PRICEMAT formula takes into account the settlement date, maturity date, coupon rate, yield, and frequency of interest payments to determine the price per $100 face value.
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FAQ
What is the PRICEMAT function in Excel?
How do I use the PRICEMAT function in Excel?
What are the arguments of the PRICEMAT function?
Can the PRICEMAT function handle different types of securities?
Are there any limitations to using the PRICEMAT function?