ACCRINTM
Description
Returns the accrued interest for a security that pays at maturity.
Syntax
ACCRINTM(
issue
,
settlement
,
rate
,
par
, [
basis
])
- issue: The security's issue date.
- settlement: The security's settlement date.
- rate: The security's annual coupon rate.
- par: The security's par value (principal to pay at maturity).
- basis: The financial day count to use, shown here using x/y where x = days per month and y = days per year. 0 or Empty = US NASD 30/360; 1 = actual/actual; 2 = actual/360; 3 = actual/365; 4 = European 30/360.