Apple iWork '09 - Manual (Page 154)

actual/365 (3): Actual days in each month, 365 days in a year.
30E/360 (4): 30 days in a month, 360 days in a year, using the European method for
dates falling on the 31st of a month (European 30/360).
Example
In this example, the YIELDMAT function is used to determine the effective annual yield of the
hypothetical security described by the values listed. The security pays interest only at maturity.
The function evaluates to 6.565%.
settle maturity issue annual-rate price days-basis
=YIELDMAT (B2,
C2, D2, E2, F2,
G2) 05/01/2009 06/30/2015 12/14/2008 0.065 99.002 0
Related Topics
For related functions and additional information, see:
“PRICEMAT” on page 140
“YIELD” on page 150
“YIELDDISC” on page 152
“Common Arguments Used in Financial Functions” on page 341
“Listing of Financial Functions” on page 96
“Value Types” on page 36
“The Elements of Formulas” on page 15
“Using the Keyboard and Mouse to Create and Edit Formulas” on page 26
“Pasting from Examples in Help” on page 41
154 Chapter 6 Financial Functions