Difference between revisions of "Documentation/How Tos/Calc: COUPDAYS function"
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− | __NOTOC__ | + | {{DISPLAYTITLE: COUPDAYS function}} |
+ | {{Documentation/CalcFunc FinancialTOC | ||
+ | |ShowPrevNext=block | ||
+ | |PrevPage=Documentation/How_Tos/Calc:_COUPDAYBS_function | ||
+ | |NextPage=Documentation/How_Tos/Calc:_COUPDAYSNC_function | ||
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== COUPDAYS == | == COUPDAYS == | ||
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: <tt>'''maturity'''</tt>: the date on which the security matures (expires). | : <tt>'''maturity'''</tt>: the date on which the security matures (expires). | ||
: <tt>'''frequency'''</tt>: number of interest payments per year (1, 2 or 4). | : <tt>'''frequency'''</tt>: number of interest payments per year (1, 2 or 4). | ||
− | : <tt>'''basis'''</tt>: is | + | : <tt>'''basis'''</tt>: is the calendar system to use. Defaults to <tt>'''0'''</tt> if omitted. |
:: 0 - US method (NASD), 12 months of 30 days each | :: 0 - US method (NASD), 12 months of 30 days each | ||
:: 1 - Actual number of days in months, actual number of days in year | :: 1 - Actual number of days in months, actual number of days in year | ||
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=== Example: === | === Example: === | ||
<tt>'''COUPDAYS("2007-01-25"; "2009-11-15"; 2; 4)'''</tt> | <tt>'''COUPDAYS("2007-01-25"; "2009-11-15"; 2; 4)'''</tt> | ||
− | : returns <tt>'''180'''</tt>. A bond is originally issued on 15 November 1999, with a ten year term; the date of maturity is 15 November 2009. You subsequently purchase it on the secondary market, with a settlement date of 25 January 2007; Interest is paid half-yearly (<tt>'''frequency'''</tt> is 2); thus interest is due on the 15 May and the 15 November each year, during the bond's term. Using basis 4, there are 180 days (= 6 * 30) in the interest period in which the settlement date falls (16 November 2006 to 15 May 2007 inclusive = 6 months). | + | : returns <tt>'''180'''</tt>. A bond is originally issued on 15 November 1999, with a ten-year term; the date of maturity is 15 November 2009. You subsequently purchase it on the secondary market, with a settlement date of 25 January 2007; Interest is paid half-yearly (<tt>'''frequency'''</tt> is 2); thus interest is due on the 15 May and the 15 November each year, during the bond's term. Using basis 4, there are 180 days (= 6 * 30) in the interest period in which the settlement date falls (16 November 2006 to 15 May 2007 inclusive = 6 months). |
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=== Issues: === | === Issues: === | ||
− | * For any <tt>'''basis'''</tt> except 1, the length of the interest period is calculated from the length of a year. Thus <tt>'''COUPDAYS'''</tt> returns the same number of days (derived from the number of interest periods in a year), regardless of settlement date, unless <tt>'''basis'''</tt> = 1, when the exact number of days are returned. | + | * For any <tt>'''basis'''</tt> except 1, the length of the interest period is calculated from the length of a year. Thus, <tt>'''COUPDAYS'''</tt> returns the same number of days (derived from the number of interest periods in a year), regardless of settlement date, unless <tt>'''basis'''</tt> = 1, when the exact number of days are returned. |
* Both Calc and Excel can return a non-integer number of days (including a fraction) - for example <tt>'''COUPDAYS("2007-01-25"; "2009-11-15"; 2; 3)'''</tt> returns <tt>'''182.5'''</tt> (= 365/2). | * Both Calc and Excel can return a non-integer number of days (including a fraction) - for example <tt>'''COUPDAYS("2007-01-25"; "2009-11-15"; 2; 3)'''</tt> returns <tt>'''182.5'''</tt> (= 365/2). | ||
+ | |||
+ | |||
+ | {{SeeAlso|EN| | ||
+ | * [[Documentation/How_Tos/Calc: COUPDAYBS function|COUPDAYBS]] | ||
+ | * [[Documentation/How_Tos/Calc: COUPDAYSNC function|COUPDAYSNC]] | ||
+ | * [[Documentation/How_Tos/Calc: COUPNCD function|COUPNCD]] | ||
+ | * [[Documentation/How_Tos/Calc: COUPNUM function|COUPNUM]] | ||
+ | * [[Documentation/How_Tos/Calc: COUPPCD function|COUPPCD]] | ||
+ | |||
+ | * [[Documentation/How_Tos/Calc: Date & Time functions#Financial date systems|Financial date systems]] | ||
+ | |||
+ | * [[Documentation/How_Tos/Calc: Financial functions|Financial functions]] | ||
+ | |||
+ | * [[Documentation/How_Tos/Calc: Functions listed alphabetically|Functions listed alphabetically]] | ||
+ | * [[Documentation/How_Tos/Calc: Functions listed by category|Functions listed by category]]}} | ||
+ | [[Category: Documentation/Reference/Calc/Financial functions]] |
Latest revision as of 12:17, 31 January 2024
- Financial FunctionsDepreciation
- AMORDEGRCAMORLINCDBDDBSLNSYDVDBPayment Streams, Annuities, Loans
- CUMIPMTCUMIPMT_ADDCUMPRINCCUMPRINC ADDFVFVSCHEDULEIPMTIRRISPMTMIRRNPERNPVPMTPPMTPVRATERRIXIRRXNPVSecurities
-