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Line 1: − <div id="6SpaceContent" class="zcontent" align="left"> + − <font face="Arial, sans-serif">'''COUPDAYS(settle, M, F, basis)'''</font>+ − + − + − <font face="Arial, sans-serif">Where 'settle' is the security's settlement date,</font>+ − <font face="Arial, sans-serif">'M' is the security's maturity date, </font>+ − <font face="Arial, sans-serif">'F' is the number of coupon payments per year and </font>+ − <font face="Arial, sans-serif">'basis' is the type of day count basis to use.</font>+ − </div>+ − ----+ − <div id="1SpaceContent" class="zcontent" align="left"> <font face="Arial, sans-serif">This function calculates the number of days in the </font>+ + + + − <font face="Arial, sans-serif">coupon period that contains the settlement date.</font>+ − </div>+ − ---- − <div id="7SpaceContent" class="zcontent" align="left"> − + − * <font face="Arial, sans-serif">or 'M' is not a valid date or </font>+ − * <font face="Arial, sans-serif"> settlement ≥ maturity</font> − * <font face="Arial, sans-serif">'F' value should be 1,2 or 4 and</font> − * <font face="Arial, sans-serif"> 'basis' is between 0 and 4. </font> − * <font face="Arial, sans-serif">Otherwise it shows error. </font> − * <font face="Arial, sans-serif">If settlement ≥ maturity, </font> − * <font face="Arial, sans-serif">COUPDAYS returns the #NUM! error value. </font> − + + + + + + + + + + + + + + − </div>+ − ---- − <div id="12SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="left"> − COUPDAYS+ − </div></div>+ − ---- − <div id="8SpaceContent" class="zcontent" align="left"> − <font face="Arial, sans-serif">Lets see an example,</font> − − <font face="Arial, sans-serif">COUPDAYS(settle, M, F, basis)</font> − − <font face="Arial, sans-serif">'''B'''</font> − − <font face="Arial, sans-serif">06-20-2009</font> − − <font face="Arial, sans-serif">12-10-2010</font> − − <font face="Arial, sans-serif">2</font> − − <font face="Arial, sans-serif">1</font> − − <font face="Arial, sans-serif">=COUPDAYS(B2,B3,B4,B5)is 183</font> − − − − </div> − ---- − <div id="10SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Syntax </div><div class="ZEditBox"><center></center></div></div> − ---- − <div id="4SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Remarks </div></div> − ---- − <div id="3SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Examples </div></div> − ---- − <div id="11SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Description </div></div> − ---- + − | Column1+ − + − | Column3 − | Column4 − + − + − + − |+ − | − + − + − + − + − | − + − | class="sshl_f" | 2+ − |+ − | − | − |- class="even" − | Row4 − | class="sshl_f" | 1 − | − | − | − |- class="odd" − − − | − | − | − |- class="even" − | Row6 − | class="SelectTD" | − | − | − − <div align="left">[[Image:calci1.gif]]</div></div>+ − ----+ + + + + + + + + + +
no edit summary
=COUPDAYS(settlement, maturity, frequency, basis)=
*Where 'settlement' is the security's settlement date (a date when coupon or a bond is purchased),
*'maturity' is the security's maturity date (a date when coupon or a bond expires),
*'frequency' is the number of coupon payments per year, and
*'basis' is the type of day count basis to use.
COUPDAYS() calculates the number of days in the coupon period.
== Description ==
COUPDAYS(settlement, maturity, frequency, basis)
*COUPDAYS() calculates the number of days between the coupon dates surrounding the settlement date.
*Settlement and maturity 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 settlement date ≥ maturity date, Calci displays #N/A error message.
*'coupon' and 'yield' values must be greater than or equal to zero.
*The values for 'frequency' should be 1,2 or 4.
For Annual payment, frequency = 1,
For Semi-annual payment, frequency = 2,
For Quarterly payment, frequency = 4.
* <font face="Arial, sans-serif">COUPDAYS shows the error value when 'settle' </font>
*'basis' value is optional. If omitted, Calci assumes it to be 0.
Below table shows the use of 'basis' values:
{| class="wikitable"
|-
! Basis !! Description
|-
| 0 || US (NASD) 30/360
|-
| 1 || Actual/actual
|-
| 2 || Actual/360
|-
| 3 || Actual/365
|-
| 4 || European 30/365
|}
*If 'basis' value is other than 0 to 4, Calci displays #N/A error message.
== Examples ==
Consider the following example that shows the use of COUPDAYS function:
<div id="2SpaceContent" class="zcontent" align="left">
<div id="2SpaceContent" class="zcontent" align="left">
{| id="TABLE3" class="SpreadSheet blue"
{| id="TABLE3" class="SpreadSheet blue"
|- class="even"
|- class="even"
| class=" " | 06/20/2010
| class=" " |
| class=" " |
| class=" " |
| class=" " | Column2
|- class="odd"
|- class="odd"
| class=" " | Row1
| class="sshl_f" | 12/20/2014
| class="sshl_f" | 06-20-2009
| class=" " |
| class=" sshl_f " |
| class=" " |
|- class="even"
|- class="even"
| class=" " | Row2
| class=" " | 2
| class="sshl_f" | 12-10-2010
| class=" " |
|
| class=" " |
|
|- class="odd"
|- class="odd"
| Row3
| class=" " | 1
| class=" " |
| class=" " |
| class=" " | Row5
| class="sshl_f" | 183
|
|}
|}
=COUPDAYS(A1,A2,A3,A4) ''displays 183'' as a result.
=COUPDAYS(DATE(2012,1,1),DATE(2013,1,1),1,1) ''displays 366'' as a result.
== See Also ==
*[[Manuals/calci/COUPDAYBS | COUPDAYBS]]
*[[Manuals/calci/COUPDAYSNC | COUPDAYSNC]]
== References ==
*[http://en.wikipedia.org/wiki/Coupon_(bond) Coupon]
*[http://en.wikipedia.org/wiki/Day_count_convention Day Count Basis]