ODDLPRICE

Summary

This function calculates the price per $100 face value of a security with an odd last coupon period.

Syntax

ODDLPRICE(settle,maturity,last,rate,yield,redeem,freq,basis)

Arguments

This function has these arguments:

Argument Description
settle Settlement date for the security
maturity Maturity date for the security
last Last coupon date
rate Annual interest rate
yield Annual yield for the security
redeem Redemption value per $100 face value for the security
freq Frequency of payment, number of payments per year
basis [Optional] Integer representing the basis for day count (Refer to Day Count Basis.)

Remarks

This function returns a #VALUE! error when settle, maturity, or last is invalid. Settle, maturity, issue, last, and basis are truncated to integers. If rate is less than 0 or yield is less than 0, a #NUM! error is returned. If basis is less than 0 or greater than 4, a #NUM! error is returned. Maturity should be greater than settle which should be greater than last. Otherwise a #NUM! error is returned.

Data Types

Accepts numeric data and dates. Returns numeric data.

Examples

ODDLPRICE(C1,C2,A3,C4,C5,C6,C7,C8)

See Also

 

 


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