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ODDFPRICE

Syntax: ODDFPRICE(S, M, I, FC, R, Y, RD, F[, B])

S = settlement date
M = maturity date
I = issue date
FC = first coupon date of the security
R = annual coupon rate of the security
Y = annual yield of the security
RD = redemption value of the security at maturity per $100 face value
F = the number of coupon payments per year
B = (Optional) the day count basis to be used:

0 or omitted 30/360
1 actual/actual
2 actual/360
3 actual/365

ODDFPRICE returns the price per $100 face value of a security with an odd (short or long) first period.

Example:

ODDFPRICE(A1, A2, A3, A4, 7.85%, 6.25%, 100, 2, 1) = 113.5977,
where A1 = DATE(92, 11, 11), A2 = DATE(2005, 3, 1), A3 = DATE(92, 10, 15), A4 = DATE(93, 3, 1)

Excel function: N/A


next up previous contents index
Next: ODDFYIELD Up: A. Function Reference Previous: NUMTOHEX   Contents   Index
SpreadScript User's Guide, Version 1.2
Grey Trout Software
02 March 2003