All versions
Financial
The Excel PRICEDISC function returns the price per $100 of a discounted (non-interest-bearing) security. Settlement and maturity are dates wrap them in DATE() so Excel reads them correctly..
Quick answer:
=PRICEDISC(DATE(2026,1,1), DATE(2026,7,1), 5%, 100) // price of a discount bond
Syntax
=PRICEDISC(settlement, maturity, discount, redemption, [basis])
| Argument | Description | |
|---|---|---|
settlement | Required | Settlement date. |
maturity | Required | Maturity date. |
discount | Required | The discount rate. |
redemption | Required | Redemption value per $100. |
basis | Optional | Day-count basis. |
How to use it
PRICEDISC returns the price per $100 of a discounted (non-interest-bearing) security. Settlement and maturity are dates wrap them in DATE() so Excel reads them correctly..
=PRICEDISC(DATE(2026,1,1), DATE(2026,7,1), 5%, 100) // price of a discount bond
Try it: interactive demo
Live demo
This is the formula pattern PRICEDISC uses — copy it into Excel with your own numbers.
Result: computed in Excel
Practice workbook
Download the free PRICEDISC practice workbook
Every example on this page, ready to open in Excel — plus practice challenges with answers on a separate tab. No sign-up required.
Frequently asked questions
How do I enter the dates?
Wrap settlement and maturity in DATE(year,month,day) so Excel reads real dates, not text.
Which Excel versions support it?
All modern versions.
Why might it return #NUM! or #VALUE!?
Out-of-range arguments (e.g. negative rate or settlement after maturity) give #NUM!; non-numeric inputs give #VALUE!.
Master functions like this in one day
This page covers one function. Our Excel Formulas and Functions class covers the 30 that matter most — live, hands-on, taught by professionals in Dallas–Fort Worth, Houston, Austin, Oklahoma City, Denver, or online.
See the Formulas & Functions Class