This function calculates the yield of a security with an odd first period.
ODDFYIELD(settle,maturity,issue,first,rate,price,redeem,freq,basis)
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.) |
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.
Accepts numeric data. Returns numeric data.
ODDFYIELD(B1,B2,B3,B4,B5,B6,B7,B8,B9)
This function is available in product version 2.0 or later.
PRICE | ODDLYIELD | ODDFPRICE | ODDLPRICE | Financial Functions