ODDLYIELD
Description
Returns the yield per $100 face value, for a security that has a short or long last period.
Syntax
ODDLYIELD(
settlement
,
maturity
,
last_interest
,
rate
,
price
,
redemption
,
frequency
, [
basis
])
- settlement: The security's settlement date.
- maturity: The security's maturity date.
- last_interest: The security's last coupon date.
- rate: The security's annual coupon rate.
- price: The security's price.
- redemption: The security's redemption value.
- frequency: The number of coupon payments per year. 1 = annual; 2 = semiannual; 4 = quarterly.
- 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.