Syntax: ODDLYIELD(S, M, LC, R, PR, RD, F[, B])
S = settlement date
M = maturity date
LC = last coupon date of the security
R = annual coupon rate of the security
PR - the price of the security per $100 face value
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 |
ODDFYIELD returns the yield per $100 of a security with an odd (short or long) last period.
Example:
ODDLYIELD(A1, A2, A3.6.5%, 100.542, 100, 2, 0) = 0.0535,
where A1 = DATE(92, 2, 7), A2 = DATE(93, 8, 1), A3 =
DATE(92, 2, 4)
Excel function: N/A