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Line 13: − + − + − *'coupon' and 'yield' values must be greater than or equal to zero.+ − Line 23:
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=COUPDAYS(settlement, maturity, frequency, basis)=
=COUPDAYS(settlement, maturity, frequency, basis)=
*Where 'settlement' is the security's settlement date (a date when coupon or a bond is purchased),
*Where <math>settlement</math> 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),
*<math>maturity</math> is the security's maturity date (a date when coupon or a bond expires),
*'frequency' is the number of coupon payments per year, and
*<math>frequency</math> is the number of coupon payments per year, and
*'basis' is the type of day count basis to use.
*<math>basis</math> is the type of day count basis to use.
COUPDAYS() calculates the number of days in the coupon period.
COUPDAYS() calculates the number of days in the coupon period.
*COUPDAYS() calculates the number of days between the coupon dates surrounding the settlement date.
*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.
*<math>settlement</math> and <math>maturity</math> 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.
*If <math>settlement</math> date ≥ <math>maturity</math> date, Calci displays #N/A error message.
*The values for <math>frequency</math> should be 1,2 or 4.
*The values for 'frequency' should be 1,2 or 4.
For Annual payment, frequency = 1,
For Annual payment, frequency = 1,
For Quarterly payment, frequency = 4.
For Quarterly payment, frequency = 4.
*'basis' value is optional. If omitted, Calci assumes it to be 0.
*<math>basis</math> value is optional. If omitted, Calci assumes it to be 0.
Below table shows the use of 'basis' values:
Below table shows the use of <math>basis</math> values:
{| class="wikitable"
{| class="wikitable"
|}
|}
*If 'basis' value is other than 0 to 4, Calci displays #N/A error message.
*If <math>basis</math> value is other than 0 to 4, Calci displays #N/A error message.
== Examples ==
== Examples ==