# ODDLYIELD

## Content

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

## Syntax

`ODDLYIELD(settle,maturity,last,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 |
| last | Last coupon date |
| rate | Annual interest rate |
| 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 to [Day Count Basis](/spreadjs/docs/v17/formulareference/formulaoverview/functionsformula/DayCountBasis).) |

## Remarks

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

* If *rate* is less than 0 or *price* 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 *settle* which should be greater than last. Otherwise a #NUM! error is returned.

## Data Types

Accepts numeric data or dates. Returns numeric data.

## Examples

`ODDLYIELD(G1,G2,G3,G4,G5,G6,G7,G8)`