How to Use the TBILLPRICE Function in Excel
Today we will explore the TBILLPRICE function, a valuable tool for financial analysis in both Microsoft Excel and Google Sheets. This function calculates the price per $100 face value of a Treasury bill.
Syntax
The syntax for the TBILLPRICE function is consistent across both Excel and Google Sheets:
TBILLPRICE(settlement, maturity, discount)- Settlement: The date when the Treasury bill is issued or settled.
- Maturity: The date when the Treasury bill matures or is due.
- Discount: The discount rate at which the Treasury bill is sold.
Examples
Let’s explore a few examples to better understand how the TBILLPRICE function works in Excel and Google Sheets.
Example 1: Calculate the Price of a Treasury Bill
Consider the following details:
| Settlement | Maturity | Discount |
|---|---|---|
| 1-Jan-2022 | 1-Jul-2022 | 3.5% |
Input the following formula to compute the price of the Treasury bill:
=TBILLPRICE("1-Jan-2022", "1-Jul-2022", 0.035)This returns the price per $100 face value of the Treasury bill.
Example 2: Calculate the Price of a Treasury Bill in Google Sheets
In Google Sheets, the function application remains the same. Enter the formula as shown:
=TBILLPRICE(DATE(2022,1,1), DATE(2022,7,1), 0.035)This will calculate the price for a Treasury bill with the specified discount rate over the given date range.
Through these examples, we see how the TBILLPRICE function can be effectively used to calculate the price of Treasury bills in Excel and Google Sheets, making it an indispensable tool for financial professionals.
More information: https://support.microsoft.com/en-us/office/tbillprice-function-eacca992-c29d-425a-9eb8-0513fe6035a2
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Returns the depreciation for each accounting period
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Returns the number of days in the coupon period that contains the settlement date
Returns the number of days from the settlement date to the next coupon date
Returns the next coupon date after the settlement date
Returns the number of coupons payable between the settlement date and maturity date
Returns the previous coupon date before the settlement date
Returns the cumulative interest paid between two periods
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Returns the effective annual interest rate
Returns the future value of an investment
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Returns the interest rate for a fully invested security
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Returns the internal rate of return for a series of cash flows
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Returns the internal rate of return where positive and negative cash flows are financed at different rates
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Returns the price per $100 face value of a security with an odd last period
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Returns the payment on the principal for an investment for a given period
Returns the price per $100 face value of a security that pays periodic interest
Returns the price per $100 face value of a discounted security
Returns the price per $100 face value of a security that pays interest at maturity
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Returns the straight-line depreciation of an asset for one period
Returns the sum-of-years' digits depreciation of an asset for a specified period
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Returns the depreciation of an asset for a specified or partial period by using a declining balance method
Returns the internal rate of return for a schedule of cash flows that is not necessarily periodic
Returns the net present value for a schedule of cash flows that is not necessarily periodic
Returns the yield on a security that pays periodic interest
Returns the annual yield for a discounted security; for example, a Treasury bill
Returns the annual yield of a security that pays interest at maturity