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# PRICEDISC

## Name

PRICEDISC --

## Synopsis

    PRICEDISC(settlement,maturity,discount,redemption[,basis])

## Description

PRICEDISC calculates and returns the price per $100 face value of a security bond. The security does not pay interest at maturity. @discount is the rate for which the security is discounted. @redemption is the amount to be received on @maturity date. @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 @basis is omitted, US 30/360 is applied. If @settlement date or @maturity date is not valid, PRICEDISC returns #NUM! error. If @basis < 0 or @basis > 4, PRICEDISC returns #NUM! error. If @settlement date is after @maturity date or they are the same, PRICEDISC returns #NUM! error.

## Examples

## See also

PRICEMAT.

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