FINANCE INTRATE Function

Computes the interest rate for a fully invested security.

Category:	Financial

Table of Contents

Syntax

FINANCE('INTRATE', settlement, maturity, investment, redemption, <basis>);

Arguments

settlement

specifies the settlement date.

maturity

specifies the maturity date.

investment

specifies the amount that is invested in the security.

redemption

specifies the amount to be received at maturity.

basis

specifies the optional day count value.

Example: Computing Description: DISC

The following example computes the discount rate for a security.

data _null_;
   settlement=mdy(1, 25, 2007);
   maturity=mdy(6, 15, 2007);
   investment=97.975;
   redemption=100;
   basis=1;
   r=finance('intrate', settlement, maturity, investment, redemption, basis);
   put r=;
run;

data _null_;
   settlement=mdy(1, 25, 2007);
   maturity=mdy(6, 15, 2007);
   investment=97.975;
   redemption=100;
   basis=1;
   r=finance('intrate', settlement, maturity, investment, redemption, basis);
   put r=;
run;

These statements produce this result:

r=0.0535036619

Last updated: September 14, 2026