INTRATE function
Summary
Returns the interest rate for a fully invested security
Syntax
INTRATE(settlement, maturity, investment, redemption, [basis])
Important: Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
The INTRATE function syntax has the following arguments:
• Settlement Required. The security's settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.
• Maturity Required. The security's maturity date. The maturity date is the date when the security expires.
• Investment Required. The amount invested in the security.
• Redemption Required. The amount to be received at maturity.
• Basis Optional. The type of day count basis to use.
Basis | Day count basis
0 or omitted | US (NASD) 30/360
1 | Actual/actual
2 | Actual/360
3 | Actual/365
4 | European 30/360
The INTRATE function syntax has the following arguments:
• Settlement Required. The security's settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.
• Maturity Required. The security's maturity date. The maturity date is the date when the security expires.
• Investment Required. The amount invested in the security.
• Redemption Required. The amount to be received at maturity.
• Basis Optional. The type of day count basis to use.
Basis | Day count basis
0 or omitted | US (NASD) 30/360
1 | Actual/actual
2 | Actual/360
3 | Actual/365
4 | European 30/360
Example
=INTRATE(A2,A3,A4,A5,A6)