BondPriceOddLast() function  Previous topicNext topicFirst topicLast topic

BondPriceOddLast() function

BondPriceOddLast(argument list…)

This function returns price from yield for a bond with an odd last coupon (short or long). The function uses the following arguments:

Argument Description Restrictions
Settlement_Date bond settlement date valid Excel date number
Maturity_Date bond maturity date valid Excel date number
> Settlement_Date
Last_Reg_Cpn_Date last regular coupon date before odd last period valid Excel date number
> Settlement_Date
< Maturity_Date
DCB day count basis 0 = 30/360 (US)
1 = act/act for CAD/US T-Bonds
2 = act/360
3 = act/365
4 = 30/360 (European)
Coupon annual bond coupon in decimal form (e.g. six percent entered as 0.06). For zero coupon (strip) bonds, enter 0. >= 0
YTM bond yield to maturity in decimal form >= 0
Frequency number of bond coupons per annum 1, 2, 4, or 12

© 1995-98 Leap of Faith Research Inc.