ODDLYIELD

Formulas / ODDLYIELD
Calculate the yield of a security with an odd last period.
=ODDLYIELD(sd, md, ld, rate, pr, redem, freq, [basis], [na])
  • Basis - required argument for the basis of the yield
  • Frequency - required argument for the frequency of the yield
  • Redemption - required argument for the redemption of the yield
  • Issue - required argument for the issue of the yield
  • Maturity - required argument for the maturity of the yield
  • Settlement - required argument for the settlement of the yield
  • Pr - required argument for the price of the yield

Examples

  • =ODDLYIELD(DATE(2018,2,5),DATE(2018,6,15),DATE(2017,10,15),0.05,99.5,100,2,0)

    For example, to calculate the yield of a bond that was purchased on February 5, 2018, matures on June 15, 2018, was issued on October 15, 2017, has an interest rate of 5%, a price of 99.5, a redemption value of 100, pays interest twice a year, and uses a day count basis of 0, the formula would be the same as above. This example returns an answer of 6.32%.

Summary

The ODDLYIELD function is used to calculate the yield of a security with an odd last period. It requires settlement, maturity, last_interest, rate, pr, redemption, frequency, and basis arguments. It is an easy and reliable way to get the yield of a security with an odd last period.

  • The ODDLYIELD function returns the yield of a security with an odd last period as a percentage.
  • It can take an optional basis argument, which controls how days are counted.


Frequently Asked Questions

What is the ODDLYIELD function?
The ODDLYIELD function is a mathematical function that calculates the yield of a security with an odd last period.
What is the syntax of the ODDLYIELD function?
The syntax of the ODDLYIELD function is ODDLYIELD(settlement, maturity, issue, first_interest, rate, pr, basis).
What does each parameter of the ODDLYIELD function mean?
  • settlement - the security's settlement date
  • maturity - the security's maturity date
  • issue - the security's issue date
  • first_interest - the security's first interest date
  • rate - the security's coupon rate
  • pr - the security's price
  • basis - the security's day count basis
What is the output of the ODDLYIELD function?
The output of the ODDLYIELD function is the yield of a security with an odd last period.
What are some tips for using the ODDLYIELD function?
  • Make sure all dates and times are properly formatted.
  • Check the order of the parameters.

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