Syntax. ODDLYIELD(Settlement,Maturity,Last_Interest,Rate,Price,Redemption, Frequency,Basis)
Definition. This function calculates the yield of a fixed-interest security in a final interest period whose length is different from the regular interest periods in the past. Compound interest is not taken into consideration.
Settlement (required) The date when the loan becomes the property of the purchaser.
Maturity (required) The date when the repayment of the certified amount takes place.
Last_Interest (required) The date of the final (regular) interest payment before the purchase date.
Rate (required) The nominal yield (annual interest rate) of the bond.
Price (required) The price of the security on the day of settlement as a percentage; ...