INTRATE()
Syntax. INTRATE(Settlement,Maturity,Investment,Repayment,Basis)
Definition. This function calculates the equivalent interest rate in arrears for a security that has received a markdown (discount, disagio) for an intra-annual duration. The only difference between this function and YIELDDISC() is the naming of the arguments.
Arguments
Settlement (required) The date when the ownership of the security changes.
Maturity (required) The day when the payments from the security must take place.
Investment (optional) The purchase price of the security at the day of settlement.
Redemption (required) The payment at the day of maturity.
Basis (optional) The method you want to use for determining the days in the year according to Table 15-2, shown earlier. ...
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