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Formula Generator - YIELDMAT function

The YIELDMAT function calculates the annual yield of a security paying interest at maturity, based on the settlement date, maturity date, issue date, annual coupon rate, price, and optional day count convention. It is commonly used in financial analysis and investment decision-making.
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How to generate an YIELDMAT formula using AI.

To obtain the YIELDMAT formula, you could ask the AI chatbot the following question: "Can you please provide me with the formula for calculating the yield of a security that pays interest at maturity (YIELDMAT) in Excel?"

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YIELDMAT formula syntax.

The YIELDMAT function in Excel is used to calculate the annual yield of a security that pays interest at maturity. The syntax for YIELDMAT is: YIELDMAT(settlement, maturity, issue, rate, pr, basis) - settlement: The date on which the security was purchased. - maturity: The date on which the security will mature. - issue: The date on which the security was issued. - rate: The annual interest rate of the security. - pr: The price per $100 face value of the security. - basis: The day count basis to use for the calculation. The YIELDMAT function returns the annual yield of the security as a percentage.

Use Cases & Examples In the case of bond investments, the YIELDMAT formula is commonly used to calculate the yield of a security that pays interest only at maturity. This formula takes into account the purchase price, maturity date, and annual yield rate to determine the yield-to-maturity for the bond.
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