Financial Toolbox

prtbill

Syntax

Price = prtbill(Settle, Maturity, Face, Discount)

Arguments

Settle	Enter as serial date number or date string. Settle must be earlier than or equal to Maturity.
Maturity	Enter as serial date number or date string.
Face	Redemption (par, face) value.
Discount	Discount rate of the Treasury bill. Enter as decimal fraction.

Description
Price = prtbill(Settle, Maturity, Face, Discount) returns the price for a Treasury bill.

Examples
The settlement date of a Treasury bill is February 10, 2002, the maturity date is August 6, 2002, the discount rate is 3.77%, and the par value is $1000. Using this data

Price = prtbill('2/10/2002', '8/6/2002', 1000, 0.0377)

Price =
        981.4642

See Also
beytbill, yldtbill

References
Bodie, Kane, and Marcus, Investments, pages 41-43.

prmat

pvfix