Formula generator for YIELDMAT function
The YIELDMAT function calculates the annual yield of a security paying interest at maturity, based on the settlement date, maturity date, issue date, annual coupon rate, price, and optional day count convention. It is commonly used in financial analysis and investment decision-making.
Formula generator
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How to generate an YIELDMAT formula using AI.
To obtain information on the ARRAY_CONSTRAIN formula, you could ask the AI chatbot the following question: “To obtain the YIELDMAT formula, you could ask the AI chatbot the following question: "Can you please provide me with the formula for calculating the yield of a security that pays interest at maturity (YIELDMAT) in Excel?"”
YIELDMAT formula syntax
The YIELDMAT function in Excel is used to calculate the annual yield of a security that pays interest at maturity. The syntax for YIELDMAT is: YIELDMAT(settlement, maturity, issue, rate, pr, basis) - settlement: The date on which the security was purchased. - maturity: The date on which the security will mature. - issue: The date on which the security was issued. - rate: The annual interest rate of the security. - pr: The price per $100 face value of the security. - basis: The day count basis to use for the calculation. The YIELDMAT function returns the annual yield of the security as a percentage.
Use Cases & Examples
In the case of bond investments, the YIELDMAT formula is commonly used to calculate the yield of a security that pays interest only at maturity. This formula takes into account the purchase price, maturity date, and annual yield rate to determine the yield-to-maturity for the bond.
Calculating the annual yield of a bond
Description
This use case demonstrates how to calculate the annual yield of a bond using the YIELDMAT function. The YIELDMAT function calculates the annual yield of a security that pays interest at maturity, based on the settlement date, maturity date, issue date, annual coupon rate, price, and optional day count convention.
Result
=YIELDMAT(settlement, maturity, issue, rate, price, [day_count_convention])
Estimating the yield of a bond with different day count conventions
Description
This use case shows how to estimate the yield of a bond using the YIELDMAT function with different day count conventions. The YIELDMAT function allows you to specify the day count convention to use for interest accrual calculations, such as actual/actual, actual/360, or actual/365.
Result
=YIELDMAT(settlement, maturity, issue, rate, price, day_count_convention)
Comparing yields of different bonds
Description
In this use case, we compare the yields of different bonds using the YIELDMAT function. By inputting the settlement date, maturity date, issue date, annual coupon rate, and price for each bond, we can easily compare their annual yields and make informed investment decisions.
Result
=YIELDMAT(settlement, maturity, issue, rate, price, [day_count_convention])
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