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Price of a discount security formula

Description of the Price of a discount security formula

Formula for the calculation of the price of a discount security like Treasury bills, commercial papers or certificates of deposit.

Formula

P=100(1+rnbjvdmdnbjbase) 

Symbols

nbjbase        
Number of days per year (360, 365 or 366 depending on day-count convention)
nbjvm        
Number of days between value date and maturity date
r        
Yield