Syntax
=ODDFPRICE(settlement, maturity, issue, first_coupon, rate, yld, redemption, frequency, [basis])Arguments
| Argument | Required | Description |
|---|---|---|
settlement | Required | The settlement date |
maturity | Required | The maturity date |
issue | Required | The issue date |
first_coupon | Required | The first coupon date |
rate | Required | The annual coupon rate |
yld | Required | The annual yield |
redemption | Required | The redemption value per 100 face value |
frequency | Required | Coupon payments per year: 1, 2 or 4 |
basis | Optional | The day count basis, 0 to 4 |
How to use ODDFPRICE
ODDFPRICE takes 8 required arguments and 1 optional argument. Type =ODDFPRICE( in a cell and SheetsBat shows the arguments as you go. Optional arguments are shown in square brackets; leave them out to use their default.
Examples
Each result below was calculated by the SheetsBat formula engine.
=ODDFPRICE(DATE(2008,11,11), DATE(2021,3,1), DATE(2008,10,15), DATE(2009,3,1), 0.0785, 0.0625, 100, 2, 1)Result Related financial functions
- MIRRReturns the modified internal rate of return, with separate rates for financing and reinvestment.
- NOMINALReturns the nominal annual interest rate from an effective rate and the compounding periods per year.
- NPERReturns the number of payment periods needed for a loan or investment.
- NPVReturns the net present value of future cash flows (at the end of each period) at a discount rate.
- ODDFYIELDReturns the yield of a security with an odd (short or long) first period.
- ODDLPRICEReturns the price per 100 face value of a security with an odd (short or long) last period.
- ODDLYIELDReturns the yield of a security with an odd (short or long) last period.
- PDURATIONReturns the number of periods an investment needs to grow to a target value at a constant rate.
- PMTReturns the payment per period of a loan or investment with a constant rate and constant payments.