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hi friends the price function is used to calculate the price per $100 face value of a security that pays periodic interest letamp;#39;s see how the price function can be used in Microsoft Excel open the desired Excel worksheet here for demo purpose we are using a worksheet ing to the price function the price function syntax has the following arguments settlement the security settlement date which is the date after the issue date when the security is traded to the buyer maturity the Securities maturity date which is the date when the security expires rate the Securities annual coupon rate yld the Securities annual yield Redemption the Securities Redemption value per $100 face value frequency the number of coupon payments per year for annual payments the frequency is 1 for semiannual payments the frequency is 2 and for quarterly payments the frequency is 4 basis the type of day count basis to use please check the web URL given in the video description below this video for complete detai