This article describes the formula syntax and usage of the PRICE function in Microsoft Excel.


Returns the price per $100 face value of a security that pays periodic interest.


PRICE(settlement, maturity, rate, yld, redemption, frequency, [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 PRICE function syntax has the following arguments:

BasisDay count basis
0 or omittedUS (NASD) 30/360
4European 30/360




Copy the example data in the following table, and paste it in cell A1 of a new Excel worksheet. For formulas to show results, select them, press F2, and then press Enter. If you need to, you can adjust the column widths to see all the data.

DataArgument description
2/15/2008Settlement date
11/15/2017Maturity date
5.75%Percent semiannual coupon
6.50%Percent yield
$100Redemption value
2Frequency is semiannual
030/360 basis
=PRICE(A2,A3,A4,A5,A6,A7,A8)The bond price, for the bond with the arguments specified in cells A2:A8.$94.63

Leave a Reply

Your email address will not be published. Required fields are marked *

Open chat
ভর্তি/সার্টিফিকেট তথ্য জানতে ক্লিক করুন
Scan the code
আস সালামু আলাইকুম। বিস্তারিত জানতে/ কল করতে ক্লিক করুন Open Chat বাটনে