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DEMOS DOC DESIGNER API
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ODDFYIELD

This function calculates the yield of a security with an odd first period.

Syntax

ODDFYIELD(settle, maturity, issue, first, rate, price, redeem, freq, basis)

Arguments

This function has these arguments:

Argument

Description

settle

Settlement date for the security

maturity

Maturity date for the security

issue

Issue date for the security

first

First coupon date

rate

Interest rate of the security

price

Price of the security

redeem

Redemption value per $100 face value for the security

freq

Frequency of payment, number of payments per year

basis

[Optional] Integer representing the basis for day count (Refer toDay Count Basis.)

Remarks

This function returns a #VALUE! error when settle, maturity, issue, or first is invalid. Settle, maturity, issue, first, and basis are truncated to integers.

  • If rate is less than 0 or yield is less than or equal to 0, a #NUM! error is returned.

  • If basis is less than 0 or greater than 4, a #NUM! error is returned.

Maturity should be greater than first which should be greater than settle which should be greater than issue. Otherwise a #NUM! error is returned.

Data Types

Accepts numeric data. Returns numeric data.

Examples

ODDFYIELD(B1,B2,B3,B4,B5,B6,B7,B8,B9)