When using DISC, the most common questions involve formula errors, argument meaning, unexpected results, and recalculation checks; this FAQ covers 4 frequent questions.
FAQ
What should I do if the DISC function returns an error?
- Check whether the formula starts with
=. - Review brackets, separators, and the number of arguments.
- Confirm that dates, price, and redemption value use valid formats.
- Re-enter the formula and press Enter again.
How can I view the argument help for the DISC function?
- Select the target cell.
- Type
=DISC(. - Review the syntax prompt that appears.
- Fill in the arguments in the displayed order.
Why does the DISC result look incorrect?
- Check whether referenced cells contain numeric values instead of text-formatted numbers.
- Confirm that the settlement date and maturity date are correct.
- Review the price, redemption value, and basis settings for the current calculation.
- Update the arguments and compare the result again.
Why did the result not change after I edited the data?
- Make sure you edited the cells actually referenced by the formula.
- Check whether the cell edits were applied successfully.
- Select the formula cell again and confirm that the formula structure is still correct.
- If needed, re-enter the formula to verify the calculation.
Glossary
| Term | Definition |
|---|---|
| DISC | A financial function used to calculate the annual discount rate of a discounted security. |
| Settlement date | The date when a security transaction is completed and enters settlement. |
| Maturity date | The date when the security reaches redemption or final payment. |
| Redemption value | The amount paid when the security is redeemed at maturity. |