This function returns a date number of the previous coupon date before the settlement date.

Syntax

COUPPCD(settlement,maturity,frequency,basis)

Arguments

This function has these arguments:

Argument	Description
settlement	Settlement date for the security
maturity	Maturity date for the security
frequency	Frequency of payment, number of coupon payments per year; must be 1, 2, or 4
basis	[Optional] Integer representing the basis for day count (Refer to Day Count Basis.)

Remarks

This function returns an error if settlement or maturity is invalid (#VALUE!), or if frequency is a number other than 1, 2, or 4 (#NUM!). All arguments are truncated to integers. If basis is greater than 4 or less than 0, a #NUM! error is returned. If settlement is greater than or equal to maturity, a #NUM! error is returned.

Data Types

Accepts numeric and DateTime object data. Returns numeric data.

Examples

COUPPCD(B1,B2,B3,B4)

COUPPCD(R6C3,R9C4,R1C1,R2C2)