Skip to content
Free Excel Tutorials
  • Home
  • Excel For Beginners
  • Excel Intermediate
  • Advanced Excel For Experts

Data Analysis

  • Filter Data Based on Date in Excel
  • How To Perform and Interpret Regression Analysis in Excel
  • Everything about Charts in Excel
  • Randomize/ Shuffle List in Excel
  • Conditional Formatting Icon Sets Examples in Excel

References

  • How to get last row in numeric data in Excel
  • How to use Excel VLOOKUP Function
  • How to use Excel MMULT Function
  • How to get first row number in range in Excel
  • How to use Excel COLUMN Function

Data Validations

  • Data validation must not exist in list
  • Excel Data validation must not contain
  • Excel Data validation must contain specific text
  • Excel Data validation date in next 30 days
  • Excel Data validation number multiple 100

YIELDDISC function: Description, Usage, Syntax, Examples and Explanation

by

What is YIELDDISC function in Excel?

YIELDDISC function is one of Financial functions in Microsoft Excel that returns the annual yield for a discounted security.

Syntax of YIELDDISC function

YIELDDISC(settlement, maturity, pr, redemption, [basis])

Important: Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.

The YIELDDISC function syntax has the following arguments:

  • Settlement: The security’s settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.
  • Maturity: The security’s maturity date. The maturity date is the date when the security expires.
  • Pr: The security’s price per $100 face value.
  • Redemption: The security’s redemption value per $100 face value.
  • Basis(Optional): The type of day count basis to use.
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

YIELDDISC formula explanation

  • Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, January 1, 1900 is serial number 1, and January 1, 2008 is serial number 39448 because it is 39,448 days after January 1, 1900.
  • The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires. For example, suppose a 30-year bond is issued on January 1, 2008, and is purchased by a buyer six months later. The issue date would be January 1, 2008, the settlement date would be July 1, 2008, and the maturity date would be January 1, 2038, which is 30 years after the January 1, 2008, issue date.
  • Settlement, maturity, and basis are truncated to integers.
  • If settlement or maturity is not a valid date, YIELDDISC returns the #VALUE! error value.
  • If pr ≤ 0 or if redemption ≤ 0, YIELDDISC returns the #NUM! error value.
  • If basis < 0 or if basis > 4, YIELDDISC returns the #NUM! error value.
  • If settlement ≥ maturity, YIELDDISC returns the #NUM! error value.

Example of YIELDDISC function

Steps to follow:

1. Open a new Excel worksheet.

2. Copy data in the following table below and paste it in cell A1

Note: For formulas to show results, select them, press F2 key on your keyboard and then press Enter.

You can adjust the column widths to see all the data, if need be.

Data
16-Feb-08 Settlement date
1-Mar-08 Maturity date
99.795 Price
$100 Redemption value
2 Actual/360 basis
Formula Description (Result) Result
=YIELDDISC(A2,A3,A4,A5,A6) The yield, for the bond with the terms above (0.052823 or 5.28%) 0.052823

Post navigation

Previous Post:

MODE.MULT function: Description, Usage, Syntax, Examples and Explanation

Next Post:

231 Keyboard Shortcut Keys In Excel

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Learn Basic Excel

Ribbon
Workbook
Worksheets
Format Cells
Find & Select
Sort & Filter
Templates
Print
Share
Protect
Keyboard Shortcuts

Categories

  • Charts
  • Data Analysis
  • Data Validation
  • Excel Functions
    • Cube Functions
    • Database Functions
    • Date and Time Functions
    • Engineering Functions
    • Financial Functions
    • Information Functions
    • Logical Functions
    • Lookup and Reference Functions
    • Math and Trig Functions
    • Statistical Functions
    • Text Functions
    • Web Functions
  • Excel VBA
  • Excel Video Tutorials
  • Formatting
  • Grouping
  • Others

Logical Functions

  • How to use Excel XOR Function
  • Extract multiple matches into separate rows in Excel
  • Invoice status with nested if in Excel
  • IF function: Description, Usage, Syntax, Examples and Explanation
  • IF, AND, OR and NOT Functions Examples in Excel

Date Time

  • WEEKNUM function: Description, Usage, Syntax, Examples and Explanation
  • Two ways to sum time over 30 minutes in Excel
  • How to calculate Next working/business day in Excel
  • Count day of week between dates in Excel
  • TIME function: Description, Usage, Syntax, Examples and Explanation

Grouping

  • Group numbers at uneven intervals in Excel
  • Running count group by n size in Excel
  • Group times into unequal buckets in Excel
  • How to randomly assign people to groups in Excel
  • Group numbers with VLOOKUP in Excel

General

  • How to calculate percent variance in Excel
  • How to set or clear a print area in Excel Worksheet
  • Basic error trapping example in Excel
  • Zoom Worksheet in Excel
  • Share Excel data with Word documents
© 2025 xlsoffice . All Right Reserved. | Teal Smiles | Abbreviations And Their Meaning