RECEIVED(SettlementDate, MaturityDate, Investment, Discount, Basis)
- 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() calculates 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.