FINANCE TBILLPRICE Function

Computes the price of a treasury bill per $100 face value.

Category:	Financial

Table of Contents

Syntax
Arguments
Example

Syntax

FINANCE('TBILLPRICE', settlement, maturity, discount);

Arguments

settlement

specifies the settlement date.

maturity

specifies the maturity date.

discount

specifies the discount rate of the security.

Example: Computing Description: TBILLPRICE

The following example computes the price of a treasury bill per $100 face value.

data _null_;
   settlement=mdy(3, 31, 2008);
   maturity=mdy(6, 1, 2008);
   discount=0.09;
   r=finance('tbillprice', settlement, maturity, discount);
   put r=;
run;

data _null_;
   settlement=mdy(3, 31, 2008);
   maturity=mdy(6, 1, 2008);
   discount=0.09;
   r=finance('tbillprice', settlement, maturity, discount);
   put r=;
run;

These statements produce this result:

r=98.45

Last updated: April 14, 2026