prtbill

Price of Treasury bill

Syntax

Price = prtbill(Settle,Maturity,Face,Discount)

Description

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

Examples

Calculate the Price for a Treasury Bill

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

Calculate the Price for a Treasury Bill Using datetime Inputs

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('10-Feb-2002','Locale','en_US'), datetime('6-Aug-2002','Locale','en_US'), 1000, 0.0377)

Price = 981.4642

Input Arguments

Settle — Settlement date for Treasury bill

serial date number | date character vector | datetime

Settlement date for the Treasury bill, specified as serial date numbers, date character vectors, or datetime arrays. The Settle date must be before the Maturity date.

Data Types: double | char | datetime

Maturity — Maturity date for Treasury bill

serial date number | date character vector | datetime

Maturity date for the Treasury bill, specified as serial date numbers, date character vectors, or datetime arrays.

Data Types: double | char | datetime

Face — Redemption value of Treasury bill

numeric

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

Data Types: double

Discount — Discount rate of Treasury bill

decimal fraction

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

Data Types: double

Output Arguments

Price — Treasury bill price

numeric

Treasury bill price, returned as a numeric value.

References

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