ODDLPRICE
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])
Parameters
- settlement: Required. The security's settlement date
- maturity: Required. The security's maturity date
- last_interest: Required. The security's last coupon date before the maturity date
- rate: Required. The security's interest rate
- yld: Required. The security's annual yield
- redemption: Required. The security's redemption value
- frequency: Required. The number of coupon payments per year
- basis: Optional. The type of day count basis
Example
=ODDLPRICE("02/07/2024", "06/15/2024", "10/15/2023", 0.0375, 0.0405, 100, 2, 0)