COUPDAYBS(settlement, maturity, frequency, 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 number of coupon payments per year, and
- is the type of day count basis to use.
COUPDAYBS() calculates the number of days from the beginning of coupon period to the settlement date.
Description
COUPDAYBS(settlement, maturity, frequency, basis)
- 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 date = date, Calci displays #N/A error message.
- The values for should be 1,2 or 4.
For Annual payment, frequency = 1,
For Semi-annual payment, frequency = 2,
For Quarterly payment, frequency = 4.
- 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 30/360 |
- If value is other than 0 to 4, Calci displays #N/A error message.
Examples
Consider the following example that shows the use of COUPDAYBS function:
| 01/25/2011 | ||
| 12/15/2012 | ||
| 1 | ||
| 1 |
=COUPDAYBS(A1,A2,A3,A4) displays 41 as a result. =COUPDAYBS(DATE(2008,6,1),DATE(2009,11,1),2,1) displays 31 as a result.
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