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 Microsoft Excel > Functions > Financial > ODDLYIELD

 

ODDLYIELD(settlement, maturity, last_interest, rate, pr, redemption, frequency, basis)

 
 Returns the yield of a security that has an odd (short or long) last period.

 settlementThe settlement date of the security.
 maturityThe maturity date of the security.
 issueThe issue date of the security.
 first_couponThe first coupon date of the security.
 rateThe interest rate of the security.
 yldThe annual yield of the security.
 redemptionThe redemption value of the security per $100 face value.
 frequencyThe number of coupon payments per year:
1 = annual
2 = semi annual
4 = quarterly
 basisThe type of day counting to use:
0 = US 30/360
1 = Actual/Actual
2 = Actual/360
3 = Actual/365
4 = European 30/360

 REMARKS
 
  • This function is only available if you have the Analysis ToolPak add-in installed.
     
  • If "basis" < 0, then #NUM! is returned.
     
  • If "basis" > 4, then #NUM! is returned.
     
  • If "basis" is left blank, then 0 is used.

     EXAMPLES
     
     A
    1??
     

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