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BondTbillprice Method
Returns the price, per $100 face value, of a Treasury bill.

Namespace: Imsl.Finance
Assembly: ImslCS (in ImslCS.dll) Version: 6.5.2.0
Syntax
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public static double Tbillprice(
	DateTime settlement,
	DateTime maturity,
	double rate
)

Parameters

settlement
Type: SystemDateTime
The DateTime settlement date of the Treasury. bill.
maturity
Type: SystemDateTime
The DateTime maturity date of the Treasury bill. The maturity cannot be more than a year after the settlement.
rate
Type: SystemDouble
A double which specifies the Treasury bill's discount rate at issue date. The discount rate is an annualized rate of return based on the par value of the bills. The discount rate is calculated on a 360-day basis (twelve 30-day months).

Return Value

Type: Double
A double which specifies the price per $100 face value for the Treasury bill.
Remarks

It is computed using the following:

100 \left( {1 - {{{\it rate} \times {\it DSM}} \over {360}}} \right)
In the equation above, {\it DSM} represents the number of days in the period starting with the settlement date and ending with the maturity date (any maturity date that is more than one calendar year after the settlement date is excluded).

See Also