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Formula Reference / Formula Functions / Financial Functions / ODDFPRICE
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    This function calculates the price per $100 face value of a security with an odd first period.




    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 Annual interest rate
    yield Annual yield for 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.)


    This function returns an error when settle, maturity, issue, or first is invalid. Settle, maturity, issue, first, and basis are truncated to integers. If rate or yield is less than 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 or dates. Returns numeric data.



    See Also