| | | This function is only available if you have the Analysis ToolPak add-in installed. |
| | | The settlement date is the date a buyer purchases a coupon, such as a bond. |
| | | The maturity date is the date when the security expires. |
| | | If "settlement" is not an integer, it is truncated. |
| | | If "settlement" >= "maturity", then #NUM! is returned. |
| | | If "settlement" is not a valid date, then #NUM! is returned. |
| | | If "maturity" is not an integer, it is truncated. |
| | | If "maturity" is not a valid date, then #NUM! is returned. |
| | | If "pr" <= 0, then #NUM! is returned. |
| | | If "redemption" <= 0, then #NUM! is returned. |
| | | If "basis" is not an integer, it is truncated. |
| | | If "basis" < 0, then #NUM! is returned. |
| | | If "basis" > 4, then #NUM! is returned. |
| | | If "basis" is left blank, then 0 is used. |
| | | Example - suppose a 30-year bond is issued on January 1, 1996, and is purchased by a buyer six months later. The issue date would be January 1, 1996, the settlement date would be July 1, 1996, and the maturity date would be January 1, 2026, 30 years after the January 1, 1996, issue date. |
