Introduction:-
DISC function in excel is a financial function. It is used to find discount rate of a security. It is a worksheet function and can be entered in the cell in which value is required.
Syntax:-
=DISC(settlement, maturity, pr, redemption, basis)
Arguments:-
- Settlement: It is the date on which security is settled. It comes after issue date when security is rated to the buyer.
- Maturity: It is the date on which security will be matured.
- Per: Price of the security per $100 face value.
- Redemption: Redemption value of security at $100 face value.
- Basis: It is the type of day count basis to be used.
Keynotes:-
- Microsoft Excel stores dates as serial numbers . By default, January 1, 1900 is serial number 1 and corresponding dates have serial number greater than 1.
- Settlement, Maturity and basis are converted to integers.
- If settlement or maturity is not in valid format, #VALUE error is returned.
- If Redemption and Pr are less than or equal to zero, #NUM error is displayed.
- If Basis is less than zero or greater than four, #NUM error is displayed.
- Calculation of DISC is done according to formula:

Examples
- In this example, various arguments are entered in column A and their values are entered in column B and DISC function is used to retrieve the result in column D. Formula used for calculation is:

