Financial Toolbox

ylddisc

Syntax

Yield = ylddisc(Settle, Maturity, Face, Price, Basis)

Arguments

Settle	Settlement date. Enter as serial date number or date string. Settle must be earlier than or equal to Maturity.
Maturity	Maturity date. Enter as serial date number or date string.
Face	Redemption (par, face) value.
Price	Discounted price of the security.
Basis	(Optional) Day-count basis: 0 = actual/actual (default), 1 = 30/360, 2 = actual/360, 3 = actual/365.

Description
Yield = ylddisc(Settle, Maturity, Face, Price, Basis) finds the yield of a discounted security.

Examples
Using the data

Settle = '10/14/2000';
Maturity = '03/17/2001';
Face = 100;
Price = 96.28;
Basis = 2;

Yield = ylddisc(Settle, Maturity, Face, Price, Basis)

Yield =

        0.0903 (or 9.03%)

See Also
acrudisc, bndprice, bndyield, prdisc, yldmat, yldtbill

References
Mayle, Standard Securities Calculation Methods, Volumes I-II, 3rd edition. Formula 1.

yearfrac

yldmat