The ZERO_COUPON() function calculates the value of a zero-coupon (pure discount) bond. For example: if the interest rate is 10%, a $1000 bond that matures in 20 years is worth ZERO_COUPON(1000; .1; 20) or $148.64.
De funksje ZERO_ COUPON () berekkent de wearde fan in zero- kûpon (purekoarting) obligaasje. Bygelyks: as it rintetaryf 10% is, dan sil in obligaasje fan & euro; 1000 nei in rintiid fan 20 jier in wearde krigen hawwe fan ZERO_ COUPON( 1000;, 1; 20) ofwol & euro; 148, 64.