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prtbill

Price of Treasury bill

Description

example

Price = prtbill(Settle,Maturity,Face,Discount) returns the price for a Treasury bill.

Examples

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This example shows how to return the price for a Treasury bill, where the settlement date of a Treasury bill is February 10, 2002, the maturity date is August 6, 2002, the discount rate is 3.77%, and the par value is $1000.

Price = prtbill('2/10/2002', '8/6/2002', 1000, 0.0377)
Price = 981.4642

This example shows how to use datetime inputs to return the price for a Treasury bill, where the settlement date of a Treasury bill is February 10, 2002, the maturity date is August 6, 2002, the discount rate is 3.77%, and the par value is $1000.

Price = prtbill(datetime(2002,2,10), datetime(2002,8,6), 1000, 0.0377)
Price = 981.4642

Input Arguments

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Settlement date for the Treasury bill, specified as a scalar datetime, string, or date character vector. The Settle date must be before the Maturity date.

To support existing code, prtbill also accepts serial date numbers as inputs, but they are not recommended.

Data Types: char | string | datetime

Maturity date for the Treasury bill, specified as a scalar datetime, string, or date character vector.

To support existing code, prtbill also accepts serial date numbers as inputs, but they are not recommended.

Data Types: char | string | datetime

Redemption value (par value) of the Treasury bill, specified as a numeric value.

Data Types: double

Discount rate of the Treasury bill, specified as a decimal fraction value.

Data Types: double

Output Arguments

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Treasury bill price, returned as a numeric value.

References

[1] Bodie, Kane, and Marcus. Investments. McGraw-Hill Education, 2013.

Version History

Introduced before R2006a

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