ODDLPRICE function
Returns the price per $100 face value of a security with an odd last period
Syntax
ODDLPRICE(settlement, maturity, last_interest, rate, yld, redemption, frequency, [basis])Square brackets indicate optional arguments.
Arguments
| Argument | Required | Meaning |
|---|---|---|
| settlement | Yes | The security's settlement date."2008-2-7" |
| maturity | Yes | The security's maturity date."2008-6-15" |
| last_interest | Yes | The security's last coupon date."2007-10-15" |
| rate | Yes | The security's interest rate.3.75% |
| yld | Yes | The security's annual yield.4.05% |
| redemption | Yes | The security's redemption value per $100 face value.100 |
| frequency | Yes | The number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for quarterly, frequency = 4.2 |
| basis | No | The type of day count basis to use.0 |
Try ODDLPRICE
Price a long last coupon period
=ODDLPRICE(A2,B2,C2,D2,E2,100,2,0)The last coupon spans 270 days, or one and a half normal 180-day periods. Terminal interest is 4.5 per 100 face value. Settlement accrues 90 days (1.5 interest), leaving 180 days to maturity. Divide the terminal 104.5 by 1.02, then subtract 1.5 accrued interest. An irregular final period uses the documented simple-yield adjustment over the remaining quasi-period fraction. Basis 0 is US 30/360 and frequency 2 is semiannual. Dates are Excel serials. These are synthetic teaching terms, not market quotes.
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ODDLPRICE · top-level call
=ODDLPRICE(A2,B2,C2,D2,E2,100,2,0)Follow the cells behind a result
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Reference and compatibility
Univer 1.0.4 / Apache-2.0. Calculation checks cover the supplied examples only. The browser worksheet does not implement every Excel feature, external service or connected data type.