SpreadJS Documentation
ODDFYIELD
SpreadJS Documentation > Formula Reference > Formula Functions > ODDFYIELD

This function calculates the yield of a security with an odd first period.

Syntax

ODDFYIELD(settle,maturity,issue,first,rate,price,redeem,freq,basis)

Arguments

This function has these arguments:

Argument Description
settle Settlement date for the security
maturity Maturity date for the security
issue Issue date for the security
first First coupon date
rate Interest rate of the security
price Price of 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, issue, or first is invalid. Settle, maturity, issue, first, and basis are truncated to integers. If rate is less than 0 or yield is less than or equal to 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 first which should be greater than settle which should be greater than issue. Otherwise a #NUM! error is returned.

Data Types

Accepts numeric data. Returns numeric data.

Examples

ODDFYIELD(B1,B2,B3,B4,B5,B6,B7,B8,B9)

See Also