FinancialLevel: ExpertAvailable in: Excel 2007+
In this article
- Syntax
- Examples
- Example 1
- Related functions
TBILLPRICE returns the price per 100 of a T-bill from its discount rate (US convention, 360-day year).
Syntax
=TBILLPRICE(settlement, maturity, discount)
| Argument |
What it means |
discount |
Discount rate. |
Examples
Example 1
=TBILLPRICE(DATE(2021,4,1), DATE(2021,7,1), 6.5%)
About 98.36 for a 91-day bill.
💡 Indian T-bills are quoted as yields on a 365-day basis, so check the convention before using these functions for RBI auctions.
TBILLYIELD · DISC
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