This function calculates the price per $100 face value of a security with an odd first period.
ODDFPRICE(settle,maturity,issue,first,rate,yield,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 | 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 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.
Accepts numeric data or dates. Returns numeric data.
ODDFPRICE(A1,A2,A3,A4,A5,A6,A7,A8,A9)