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