| BondYieldOddFirst() function | |
BondYieldOddFirst() functionBondYieldOddFirst(argument list…)
This function returns yield from price for a bond with an odd first 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 |
| Issue_Date | bond issue date | valid Excel date number <= Settlement_Date |
| 1st_Coupon_Date | bond first coupon date | valid Excel date number >= issue 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 |
| Bond_Price | bond price per $100 par | > 0 |
| Frequency | number of bond coupons per annum | 1, 2, 4, or 12 |
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