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Price Function - Difficulty in understanding the formula

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    01-16-2006
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    Question Price Function - Difficulty in understanding the formula

    Hi
    I am not able to understand the Price function in Excel.
    As i tried to calculate the Price of a bond on the basis of the Formula ( manually )given in the Excel Help on function and tried to compare the result with the Price Function there appears to be some diifference in the two values.
    I any one can correct me on this if my understanding of the formula is wrong.
    Kindly refer to the attachments for solving and comparisions.
    Attached Files Attached Files

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