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

`PRICE(settlement, maturity, rate, yld, redemption, frequency, [basis])`

- Settlement - the date the coupon is purchased
- Maturity - the date the bond expires
- Rate - required
- Yld - the annual yield of the bond security
- Redemption - the value of the bond per $100 face value
- Frequency - the number of coupon payments per year
- Basis - [OPTIONAL] the financial day count basis

`=PRICE(C9,C10,C7,C8,C6,C12,C13)`

The PRICE function can be used to calculate the value of a bond as a percentage of the face value. For example, this returns 97.56, which indicates that the bond's value is 97.56% of the face value.

`=F5/100*C5`

To calculate the actual dollar value of a bond, the preceding formula can be used. This will return the bond's actual dollar value.

The PRICE function is a useful tool for calculating the price per $100 of a security that pays periodic interest.

- The PRICE function calculates the price per $100 of a security and can be used to determine the "market price" of a bond, as well as its value when purchasing.
- The PRICE function allows five optional arguments, which can be used to calculate periodic interest.

The PRICE function is used to calculate the price per $100 of a security.

The arguments for the PRICE function are settlement, maturity, rate, yld, and redemption.

You can use dates entered as text with the PRICE function.

Drop CSV