| BondPriceOddLast() function | |
BondPriceOddLast() functionBondPriceOddLast(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.