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


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


PRICEMAT(settlement, maturity, issue, rate, yld, [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 PRICEMAT function syntax has the following arguments:

BasisDay count basis
0 (zero) 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.

2/15/2008Settlement date
4/13/2008Maturity date
11/11/2007Issue date
6.10%Percent semiannual coupon
6.10%Percent yield
030/360 basis
=PRICEMAT(A2,A3,A4,A5,A6,A7)The price for the bond, using the arguments specified in cells A2:A7.$99.98

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