Join Curt Frye for an in-depth discussion in this video TBILLEQ: Calculating the bond-equivalent yield for a Treasury bill, part of Excel 2010: Financial Functions in Depth.
Treasury bills, which are also called T-bills, are popular investments.…If you want to compare T-bill's yield to a bond's yield you can do so using…the TBILLEQ function.…To use that function you need to know the following three things about the…T-bill you're evaluating.…The first is the settlement date and that is the date that you take…possession of the investment.…Then you have the maturity date which is the date that the T-Bill payments come…due, in other words the money due to you is paid to you.…
And then finally you have the discount rate and the discount rate is the…interest rate applied to the investment.…So with that information in place you can click in cell C8 and create the formula.…So I'll type equal tbilleq, left parentheses, and then just fill in the…cell references for the three arguments. So we have our settlement date in C3, comma,…maturity date C4, comma, and the discount rate which is in C5.…Type a right parenthesis just to make sure everything looks right. Everything is good.…
- Analyzing loans, payments, and interest
- Discovering the interest rate of an annuity
- Determining depreciation using the straight line, declining balance, double-declining balance, and other methods
- Calculating the future value of an investment with variable returns
- Finding the discount rate of a security
- Converting between fractional prices and decimal prices
- Determining the yield of securities that pay interest periodically
Skill Level Intermediate
Managing and Analyzing Data in Excel 2010with Dennis Taylor1h 32m Appropriate for all
Excel 2010: Data Validation in Depthwith Dennis Taylor59m 45s Intermediate
1. Analyzing Loans, Payments, and Interest
2. Calculating Depreciation
3. Determining Values and Rates of Return
4. Calculating Bond Coupon Dates and Security Durations
5. Calculating Security Prices and Yields
6. Calculating Prices and Yields of Securities with Odd Periods
Additional resources1m 5s
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