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# PRICEMAT

## Name

PRICEMAT --

## Synopsis

    PRICEMAT(settlement,maturity,issue,rate,yield[,basis])

## Description

PRICEMAT calculates and returns the price per $100 face value of a security. The security pays interest at maturity. @settlement is the settlement date of the security. @maturity is the maturity date of the security. @issue is the issue date of the security. @rate is the discount rate of the security. @yield is the annual yield of the security. @basis is the type of day counting system you want to use:

0 US 30/360

1 actual days/actual days

2 actual days/360

3 actual days/365

4 European 30/360

If @settlement date or @maturity date is not valid, PRICEMAT returns #NUM! error. If @basis is omitted, US 30/360 is applied. If @basis < 0 or @basis > 4, PRICEMAT returns #NUM! error. If @settlement date is after @maturity date or they are the same, PRICEMAT returns #NUM! error.

## Examples

## See also

PRICEDISC.

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