Spread Formula Reference
Formula Functions / Functions M to Q / ODDFYIELD
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    ODDFYIELD
    In This Topic

    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 to Day 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)

    Version Available

    This function is available in product version 2.0 or later.

    See Also

    PRICE | ODDLYIELD | ODDFPRICE | ODDLPRICE | Financial Functions