| Line 24: |
Line 24: |
| | For Quarterly payment, frequency = 4. | | For Quarterly payment, frequency = 4. |
| | | | |
| − | *'basis' value is optional. If omitted, Calci assumes to be 0. | + | *'basis' 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 'basis' values: |
| | | | |
| Line 31: |
Line 31: |
| | ! Basis !! Description | | ! Basis !! Description |
| | |- | | |- |
| − | | 0 || USD*30/360 | + | | 0 || US(NASD) 30/360 |
| | |- | | |- |
| | | 1 || Actual/actual | | | 1 || Actual/actual |
| Line 42: |
Line 42: |
| | |} | | |} |
| | | | |
| − | *If 'basis' value other than 0 to 4, Calci displays an error message. | + | *If 'basis' value is other than 0 to 4, Calci displays an error message. |
| | | | |
| | == Examples == | | == Examples == |
| | + | |
| | + | Consider the following example that shows the use of DURATION function: |
| | | | |
| | <div id="2SpaceContent" class="zcontent" align="left"> | | <div id="2SpaceContent" class="zcontent" align="left"> |
| Line 50: |
Line 52: |
| | {| id="TABLE3" class="SpreadSheet blue" | | {| id="TABLE3" class="SpreadSheet blue" |
| | |- class="even" | | |- class="even" |
| | + | | class=" " | September 10, 2010 |
| | + | | class=" " | |
| | + | | class=" " | |
| | | class=" " | | | | class=" " | |
| − | | class=" " | Column1
| |
| − | | class=" " | Column2
| |
| − | | class=" " | Column3
| |
| − | | Column4
| |
| | |- class="odd" | | |- class="odd" |
| − | | class=" " | Row1 | + | | class="sshl_f" | September 10, 2016 |
| − | | class=" " | September 10, 2010
| + | | class=" " | |
| − | | class=" sshl_f " | | |
| | | class=" " | | | | class=" " | |
| | | class=" " | | | | class=" " | |
| | |- class="even" | | |- class="even" |
| − | | class=" " | Row2 | + | | class=" " | 6% |
| − | | class="sshl_f" | September 10, 2016
| |
| | | class=" " | | | | class=" " | |
| | | class=" " | | | | class=" " | |
| | | class=" " | | | | class=" " | |
| | |- class="odd" | | |- class="odd" |
| − | | Row3
| + | | class=" " | 9.0% |
| − | | class="SelectTd " | 6% | |
| | | class=" " | | | | class=" " | |
| | | class=" " | | | | class=" " | |
| | | class=" " | | | | class=" " | |
| | |- class="even" | | |- class="even" |
| − | | Row4
| + | | class=" " | 2 |
| − | | class=" " | 9.0% | |
| | | class=" " | | | | class=" " | |
| | | class=" " | | | | class=" " | |
| | | class=" " | | | | class=" " | |
| | |- class="odd" | | |- class="odd" |
| − | | class=" " | Row5 | + | | class=" " | 1 |
| − | | class=" " | 2 | + | | class=" " | 5.0458 |
| | | class=" " | | | | class=" " | |
| | | class=" " | | | | class=" " | |
| − | | class=" " |
| |
| − | |- class="even"
| |
| − | | Row6
| |
| − | | class="sshl_f " | 1
| |
| − | | class="sshl_f sshl_f " | 5.0458
| |
| − | | class=" sshl_f " |
| |
| − | | class=" SelectTD SelectTD" |
| |
| | |} | | |} |