Reverse PRICE function
Um, not to be a stickler, but that is coming up with the security's annual
yield, not the security's annual rate.
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** John C **
"Gary''s Student" wrote:
When plotted it is an absolute straight line!
The function really has the form:
Y = A*X + B
or
X = (Y - B) / A
In F19 & F20:
=C1 The B Factor (53.59741246)
=(C100-C1)/B100 The A Factor (713.6860724)
Finally the way to get the rate that gives you a price of, say, 200:
=(200-F19)/F20 which displays 20.51%
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