Syntax
=ODDFYIELD(settlement, maturity, issue, first_coupon, rate, pr, 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 |
pr | Required | The price per 100 face value |
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 ODDFYIELD
ODDFYIELD takes 8 required arguments and 1 optional argument. Type =ODDFYIELD( 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.
=ODDFYIELD(DATE(2008,11,11), DATE(2021,3,1), DATE(2008,10,15), DATE(2009,3,1), 0.0575, 84.5, 100, 2, 0)Result Related financial functions
- 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.
- ODDFPRICEReturns the price per 100 face value 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.
- PPMTReturns the principal part of one payment of a loan or investment.