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Microsoft® Excel® 2010 Formulas & Functions Inside Out by Helmut Reinke Egbert Jeschke Sara Unverhau, Eckehard Pfeifer, Bodo Fienitz, and Jens Bock

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ODDFYIELD()

Syntax. ODDFYIELD(Settlement,Maturity,Issue,First_Coupon,Rate,Price,Redemption, Frequency,Basis)

Definition. This function calculates the yield of a fixed-interest security for the duration from the settlement date to the maturity date. It takes into consideration that the first interest period might be shorter or longer than the other regular interest periods.

Arguments

  • Settlement (required) The date when the bond becomes the property of the purchaser.

  • Maturity (required) The date when the repayment of the certified amount takes place.

  • Issue (required) The date of the emission of the security.

  • First_Coupon (required) The date of the first interest payment.

  • Rate (required) The nominal yield (annual interest rate) of the bond.

  • Price (required) ...

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