This function calculates the price per $100 face value of a security with an odd last coupon period.
ODDLPRICE(settle,maturity,last,rate,yield,redeem,freq,basis)
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.) |
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.
Accepts numeric data and dates. Returns numeric data.
ODDLPRICE(C1,C2,A3,C4,C5,C6,C7,C8)