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BillDisc() function

BillDisc(argument list…)

This function returns the money market discount rate of a discount money market security such as a Treasury bill given price. The function uses the following arguments:

Argument Description Restrictions
Settlement_Date bill settlement date valid Excel date number
Maturity_Date bill maturity date valid Excel date number
>= Settlement_Date
Price bill price per $100 par > 0
Redemption redemption value per $100 par > 0
DCB day count basis 0 = 30/360 (US)
1 = act/act for CAD/US T-Bonds
2 = act/360
3 = act/365
4 = 30/360 (European)

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