TBILLEQ(settlement, maturity, discount)

Returns the yield (bond-equivalent) for a treasury bill.

settlementThe settlement date of the treasury bill.
maturityThe maturity date of the treasury bill.
discountThe discount rate of the treasury bill.

Remarks

* This function calculates the bond equivalent yield for a treasury bill.
* The "settlement" is the date after the issue date when the treasury bill is traded to the buyer.
* The "maturity" is the date when the treasury bill expires.
* Dates must be entered as text strings within quotation marks or as serial numbers.
* If "settlement" is not an integer, it is truncated.
* If "settlement" is not a valid date, then #NUM! is returned.
* If "settlement" > "maturity" , then #NUM! is returned.
* If "maturity" is more than one year after "settlement", then #NUM! is returned.
* If "maturity" is not an integer, it is truncated.
* If "maturity" is not a valid date, then #NUM! is returned.
* If "discount" = 0, then #NUM! is returned.
* In Excel 2007 the accuracy of this function was improved.
* In Excel 2003 this function was only available when you had the Analysis ToolPak add-in loaded.
* For the Microsoft documentation refer to support.office.com

 A
1=TBILLEQ("3/10/1999","6/1/2000",9.5/100) = 0.099
2=TBILLEQ("3/10/1999","6/1/2000",50/100) = 0.584
3=TBILLEQ("3/10/1999","6/1/2000",-2) = #NUM!
4=TBILLEQ("3/10/1999","6/1/2000","some text") = #VALUE!


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