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ODDLPRICE |
  
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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