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ODDLPRICE

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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

ODDFPRICE

ODDFYIELD

ODDLYIELD

PRICE