### Excel PRICE Function

This Excel Tutorial demonstrates how to use the Excel PRICE Function in Excel to calculate the bond price, with formula examples.

## PRICE Function Description:

The PRICE Function Calculates the price of a bond.

## Formula Examples:

ExampleFormulaResult
1=PRICE(C5,D5,E5,F5,G5,H5,I5)108.10667715946

## Syntax and Arguments:

The Syntax for the PRICE Formula is:

### Function Arguments ( Inputs ):

settlement – The settlement date, represented by a date serial number.

maturity – The maturity date, represented by a date serial number.

rate – The annual coupon rate.

yld – The yield.

redemption – The redemption price per \$100 of face value.

frequency – The number of coupon payments per year.

basis – OPTIONAL. The basis for which to calculate the number of days in a year.

Use the PRICE Function to calculate the price of a bond or similar security.

## How to use the PRICE Function in Excel:

To use the AND Excel Worksheet Function, type the following into a cell:
=AND(
After entering it in the cell, notice how the AND formula inputs appear below the cell:

You will need to enter these inputs into the function. The function inputs are covered in more detail in the next section. However, if you ever need more help with the function, after typing “=PRICE(” into a cell, without leaving the cell, use the shortcut CTRL + A (A for Arguments) to open the “Insert Function Dialog Box” for detailed instructions: