Excel Functions

# Excel PRICEMAT Function

The Excel PRICEMAT Function is categorized under financial functions.The PRICEMAT function helps to ascertain the price of a security that pays interest at maturity.

## Purpose of Excel PRICEMAT Function

To get price per \$100 face value of a security that pays interest at maturity.

## Return value

PRICEMAT returns the bond value.

## Syntax

=PRICEMAT (sd, md, id, rate, yld, [basis])

## Usage note

• Settlement, maturity, issue, and basis are truncated to integers.
• If settlement, maturity, or issue is not a valid date, PRICEMAT returns the #VALUE! error value.
• If rate < 0 or if yld < 0, PRICEMAT returns the #NUM! error value.
• If basis < 0 or if basis > 4, PRICEMAT returns the #NUM! error value.
• If settlement ≥ maturity, PRICEMAT returns the #NUM! error value.
• 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.

## Things to remember

Dates should not be entered as text but 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.

### Availability

Since 2007 for Windows.
Since 2011 for Mac.

#### Related Posts

More off this less hello salamander lied porpoise much over tightly circa horse taped so innocuously outside crud mightily…

More off this less hello salamander lied porpoise much over tightly circa horse taped so innocuously outside crud mightily…

More off this less hello salamander lied porpoise much over tightly circa horse taped so innocuously outside crud mightily…