There's a lot going on in these formulaic conditional rules in Microsoft Excel that highlight the smallest and largest values within a period of years.

Each accepts up to 255 values in a comma-delimited list enclosed in parentheses and preceded by the name of the function. You can mix cell references and numbers, including null and zero values.

Learn how to calculate Average, Minimum and Maximum in Excel. We show you how to use MIN, Max, and AVERAGE Functions in Excel.

Boundary conditions are the maximum and minimum values used to indicate where the price of an option must lie.