Formula Generator - YIELDDISC function

The YIELDDISC function calculates the annual yield of a discount (non-interest-bearing) security, based on its settlement date, maturity date, price, redemption value, and optional day count convention. It is commonly used in financial analysis to determine the yield of such securities.
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How to generate an YIELDDISC formula using AI.

To get the YIELDDISC formula for a specific data set, you can ask the AI chatbot the following question: "What is the formula for calculating yield to maturity for a discounted security in Excel?" This question will prompt the AI chatbot to provide you with the YIELDDISC formula, which is used to calculate the yield to maturity for a discounted security in Excel.

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YIELDDISC formula syntax.

The YIELDDISC function in Excel calculates the annual yield of a discounted security, such as a Treasury bill or a commercial paper. The syntax for YIELDDISC is as follows: YIELDDISC(settlement, maturity, pr, redemption, basis) - settlement: The date on which the security was purchased. - maturity: The maturity date of the security. - pr: The price per $100 face value of the security. - redemption: The redemption value per $100 face value of the security at maturity. - basis: Optional argument that specifies the day count basis to use for calculations. If omitted, it defaults to 0 (US 30/360 basis). The YIELDDISC function returns the annual yield of the security as a decimal number.

Use Cases & Examples In these use cases, we use the YIELDDISC function to calculate the yield of a discounted security. The YIELDDISC function takes into consideration the price, redemption value, settlement date, and maturity date to determine the yield.
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