Manuals/calci/RECEIVED

RECEIVED (SettlementDate,MaturityDate,Investment,DiscountRate,Basis)

where, $SettlementDate$ is the security's settlement date (a date when coupon or a bond is purchased)
$MaturityDate$ is the security's maturity date (a date when coupon or a bond expires)
$Investment$ is the amount invested in security
$DiscountRate$ is the security's discount rate
is the type of day count basis to use
- RECEIVED(), returns the amount received at maturity for a fully invested security.

Description

$SettlementDate$ and $MaturityDate$ 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 $SettlementDate$ >= $MaturityDate$ , Calci displays #N/A error message.
If $Investment$ <=0 or $DiscountRate$ <=0, Calci displays #N/A error message.
$Basis$ value is optional. If omitted, Calci assumes it to be 0.

Below table shows the use of $Basis$ values:

If 'B' is number of days in a year, and 'D' is number of days from 'Settlement' to Maturity', the RECEIVED is calculated as -

$RECEIVED={\frac {Investment}{1-(DiscountX{\frac {D}{B}})}}$

Consider the following example that shows the use of RECEIVED function:

=RECEIVED(A1,A2,A3,A4,A5) displays 1568435.6540840461 as a result.
=RECEIVED(C1,C2,C3,C4) displays 53191.48936170212 as a result.