Documentation/How Tos/Calc: 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
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