How to use the DISC function in Microsoft Excel

In Microsoft Excel, the DISC function is a Financial function, and its purpose is to return a discount rate for security. The formula for the DISC function is DISC( settlement, maturity, pr, redemption, [basis]).

What is Excel DISC function syntax?

The syntax for the DISC function is below.

• Settlement: The security settlement date is when the security is traded to the buyer after the issue date. It is required.
• Maturity: The maturity date is the date when the security expires. It is required.
• Pr: The Security price per $100 face value. It is required.
• Redemption: The security’s redemption value  per $100 face value. It is required.
• Basis: The type of day count basis to use. It is optional.

How do you use the function formula in Excel?

It is not a complicated function to use; it is pretty easy as long you know its formula. In this tutorial, we will discuss how to use the DISC function in Excel.

Why does DISC return #VALUE?

In Microsoft Excel, the DISC function will return an #Value error value if security or maturity is not a serial date number.

How to use the DISC function in Excel

To use the DISC function in Excel, follow the steps below.

1. Launch Excel
2. Create a table or use an existing table
3. Type the formula for the DISC function into the cell you want to place the result
4. Press Enter to see the result

Launch Microsoft  Excel.

Create a table or use an existing table.

Type the function =DISC(B2, B3, B4, B5) into the cell you want to place the result.

• B2 is the Settlement when the security is traded to the buyer after the issue date.
• B3 is the Maturity, the date when the security expires.
• B4 is the Security price per $100 face value.
• B5 is the security’s redemption value per $100 face value.

Then press the enter key to see the result.

There are two other methods to use the  DISC function in Excel.

Method one is to click the fx button on the top left of the excel worksheet.

An Insert Function dialog box will appear.

Inside the dialog box in the section, Select a Category, select Financial from the list box.

In the section Select a Function, choose the DISC function from the list.

Then click OK.

A Function Arguments dialog box will open.

• In the Settlement section, input into the entry box the cell B2.
• In the Maturity section, input into the entry box the cell B3.
• In the Pr section, input into the entry box the cell B4.
• In the Redemption section, input into the entry box the cell B5.

Then click OK.

Method two is to click the Formulas tab and click the Financial button in the Function Library group.

In the drop-down menu, select DISC.

A Function Arguments dialog box will appear.

We hope this tutorial helps you understand how to use the DISC function in Excel.