ODDLPRICE

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)

Version Available

This function is available in product version 2.0 or later.