• where, is the security's settlement date (a date when coupon or a bond is purchased)
• is the security's maturity date (a date when coupon or a bond expires)
• is the amount invested in security
• is the security's discount rate
• is the type of day count basis to use
• RECEIVED(), returns the amount received at maturity for a fully invested security.

Description

• and dates should be entered either in 'date format' or 'dates returned using formulas'. If dates are not valid, Calci displays #N/A error message.
• If >= , Calci displays #N/A error message.
• If <=0 or <=0, Calci displays #N/A error message.
• value is optional. If omitted, Calci assumes it to be 0.

Below table shows the use of values:

Basis Description
0 US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/365
• If value is other than 0 to 4, Calci displays #N/A error message.
• Formula:

If 'B' is number of days in a year, and 'D' is number of days from 'Settlement' to Maturity', the RECEIVED is calculated as - Examples

Consider the following example that shows the use of RECEIVED function:

 4/24/2010 1/1/2013 7/24/2010 1/1/2014 1550000 50000 4.65% 6% 2
=RECEIVED(A1,A2,A3,A4,A5) displays 1568435.6540840461 as a result.
=RECEIVED(C1,C2,C3,C4) displays 53191.48936170212 as a result.

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