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beytbill

Bond equivalent yield for Treasury bill

Syntax

Yield = beytbill(Settle, Maturity, Discount)

Arguments

Settle

Enter as serial date numbers or date strings. Settle must be earlier than Maturity.

Maturity

Enter as serial date numbers or date strings.

Discount

Discount rate of the Treasury bill. Enter as decimal fraction.

Description

Yield = beytbill(Settle, Maturity, Discount) returns the bond equivalent yield for a Treasury bill.

Examples

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Find the Bond Equivalent Yield for a Treasury Bill

This example shows how to find the bond equivalent yield for a Treasury bill that has a settlement date of February 11, 2000, a maturity date of August 7, 2000, and a discount rate is 5.77.

Yield = beytbill('2/11/2000', '8/7/2000', 0.0577)
Yield =

    0.0602

See Also

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