[Table of Contents] [docx version]

SpreadsheetML Reference Material - Table of Contents

TBILLEQ

TBILLEQ ( settlement , maturity , discount )

Description: Computes the bond-equivalent yield for a U.S. Treasury bill.

Arguments:

Name

Type

Description

settlement

number

The Treasury bill's settlement date. Any time information in the date is ignored.

maturity

number

The Treasury bill's maturity date. Any time information in the date is ignored.

discount

number

The Treasury bill's discount rate.

 

Return Type and Value: number – The bond-equivalent yield for a U.S. Treasury bill.

However, if

settlement or maturity is out of range for the current date base value, #NUM! is returned.

settlement > maturity, #NUM! is returned.

maturity is more than one year after settlement, #NUM! is returned.

discount ≤ 0, #NUM! is returned.

[Example:

TBILLEQ(DATE(2008,3,31),DATE(2008,6,1),0.0914) results in 9.4151%

end example]