ODDLPRICE function
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ODDLPRICE
Returns the value of a security per 100 currency units of face value, where the last interest payment is not a whole period.
Syntax:
ODDLPRICE(settlementdate; maturitydate; lastinterestdate; rate; yield; redemptionvalue; frequency; basis)
- settlementdate: the settlement (purchase) date of the security.
- maturitydate: the maturity date of the security.
- lastinterestdate: the date on which the security last 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 slightly different results to Excel.
Example:
ODDLPRICE("1990-06-01"; "1995-12-31"; "1990-01-01"; 2%; 1.5%; 100; 4; 1)
- Calc returns 102.512087533821, which is very slightly inaccurate.
Issues:
- This function currently returns slightly different results to Excel. See Issue 92177 .
See Also
