ODDFPRICE

This function calculates the price per $100 face value of a security with an odd first period.

Syntax

ODDFPRICE(settle,maturity,issue,first,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
issue	Issue date for the security
first	First 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 an error when settle, maturity, issue, or first is invalid. Settle, maturity, issue, first, and basis are truncated to integers. If rate 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 first which should be greater than settle which should be greater than issue. Otherwise a #NUM! error is returned.

Data Types

Accepts numeric data or dates. Returns numeric data.

Examples

ODDFPRICE(A1,A2,A3,A4,A5,A6,A7,A8,A9)

Version Available

This function is available in product version 2.0 or later.