ODDFPRICE

ODDFPRICE

Synopsis

ODDFPRICE(settlement,maturity,issue,first_coupon,rate,yld,redemption,frequency[,basis])

Description

ODDFPRICE returns the price per $100 face value of a security. The security should have an odd short or long first period.

settlement is the settlement date of the security. maturity is the maturity date of the security. issue is the issue date of the security. frequency is the number of coupon payments per year. Allowed frequencies are: 1 = annual, 2 = semi, 4 = quarterly. basis is the type of day counting system you want to use:

0 US 30/360

1 actual days/actual days

2 actual days/360

3 actual days/365

4 European 30/360

  • If frequency is other than 1, 2, or 4, ODDFPRICE returns #NUM! error.
  • If basis is omitted, US 30/360 is applied.
  • If basis is not in between 0 and 4, #NUM! error is returned.

Examples

See also