Documentation/How Tos/Calc: ODDFPRICE function

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ODDFPRICE

Returns the value of a security per 100 currency units of face value, where the time to the first interest payment is not a whole period.

Syntax:

ODDFPRICE(settlementdate; maturitydate; issuedate; firstinterestdate; rate; yield; redemptionvalue; frequency; basis)

settlementdate: the settlement (purchase) date of the security.
maturitydate: the maturity date of the security.
issuedate: the issue date of the security.
firstinterestdate: the date on which the security first pays interest.
rate: the interest rate of the security.
yield: the annual yield of the security.
redemptionvalue: the redemption value of the security per 100 currency units of face value.
frequency: number of interest payments per year (1, 2 or 4).
basis: is the calendar system to use. Defaults to 0 if omitted.
0 - US method (NASD), 12 months of 30 days each
1 - Actual number of days in months, actual number of days in year
2 - Actual number of days in month, year has 360 days
3 - Actual number of days in month, year has 365 days
4 - European method, 12 months of 30 days each
This function currently returns invalid results.

Example:

ODDFPRICE("1990-06-01"; "1995-12-31"; "1990-01-01"; "1990-12-31"; 6%; 5%; 1000; 1; 1)

Calc incorrectly returns an error.

Issues:

  • This function currently returns invalid results. See issue 92177.



See Also
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