Difference between revisions of "Manuals/calci/COUPDAYS"
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=COUPDAYS(settlement, maturity, frequency, basis)= | =COUPDAYS(settlement, maturity, frequency, basis)= | ||
| − | *Where | + | *Where <math>settlement</math> is the security's settlement date (a date when coupon or a bond is purchased), |
| − | * | + | *<math>maturity</math> is the security's maturity date (a date when coupon or a bond expires), |
| − | * | + | *<math>frequency</math> is the number of coupon payments per year, and |
| − | * | + | *<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. | ||
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*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. | ||
| − | * | + | *<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 | ||
For Annual payment, frequency = 1, | For Annual payment, frequency = 1, | ||
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For Quarterly payment, frequency = 4. | For Quarterly payment, frequency = 4. | ||
| − | * | + | *<math>basis</math> value is optional. If omitted, Calci assumes it to be 0. |
| − | Below table shows the use of | + | Below table shows the use of <math>basis</math> values: |
{| class="wikitable" | {| class="wikitable" | ||
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|} | |} | ||
| − | *If | + | *If <math>basis</math> value is other than 0 to 4, Calci displays #N/A error message. |
== Examples == | == Examples == | ||
Revision as of 16:42, 17 January 2014
COUPDAYS(settlement, maturity, frequency, basis)
- Where Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle settlement} is the security's settlement date (a date when coupon or a bond is purchased),
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle maturity} is the security's maturity date (a date when coupon or a bond expires),
- is the number of coupon payments per year, and
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle basis} is the type of day count basis to use.
is the number of coupon payments per year, andCOUPDAYS() 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.
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle settlement} and Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle 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 Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle settlement} date ≥ Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle maturity} date, Calci displays #N/A error message.
- The values for Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle frequency} should be 1,2 or 4.
For Annual payment, frequency = 1,
For Semi-annual payment, frequency = 2,
For Quarterly payment, frequency = 4.
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle basis} value is optional. If omitted, Calci assumes it to be 0.
Below table shows the use of Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle basis} values:
| Basis | Description |
|---|---|
| 0 | US (NASD) 30/360 |
| 1 | Actual/actual |
| 2 | Actual/360 |
| 3 | Actual/365 |
| 4 | European 30/365 |
- If Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle 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:
| 06/20/2010 | ||
| 12/20/2014 | ||
| 2 | ||
| 1 |
=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.