Syntax: @ODDLPRICE(S, M, LC, R, Y, RD, F[, B])
S = settlement date
M = maturity date
LC = last coupon date of the security
R = annual coupon rate of the security
Y = annual yield of the security
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 |
@ODDLPRICE returns the price per $100 face value of a security with an odd (short or long) last period.
Example:
@ODDLPRICE(A1, A2, A3.6.5%, 5.35%, 100, 2, 0) = 100.5418,
where
A1 = @DATE(92, 2, 7), A2 = @DATE(93, 8, 1), A3 =
@DATE(92, 2, 4)