Join Curt Frye for an in-depth discussion in this video COUPDAYSNC: Calculating days from the settlement date to the next coupon date, part of Excel 2010: Financial Functions in Depth.
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Coupon bonds pay interest at regular intervals, either 1, 2 or 4 times a year.…In Excel, you can use the COUPDAYSNC function to calculate the number of days…from the settlement date to the next coupon date.…To do that you need to know 4 items.…The first item is the settlement date and that is the date that you buy into the investment.…The next is the maturity date and the maturity date is the date that the bond…ends, in other words that you stop making interest off of it.…
Then we have the coupon frequency and that is the number of coupons per year.…And as I mentioned earlier, that can either be one, which means annual payments,…two, which means semi-annual payments, or four, which is quarterly payments.…And then you have the basis.…Basis is how you count the days in a month and a year.…In North America the standard is for a 30-day month and with 12 months a 360 day…a year. That's option 0.…In this case I'm using a basis of 1, which is actual. That means that it counts…the number of days that are actually in a month and a year.…
- Analyzing loans, payments, and interest
- Discovering the interest rate of an annuity
- Determining depreciation using the straight line, declining balance, double-declining balance, and other methods
- Calculating the future value of an investment with variable returns
- Finding the discount rate of a security
- Converting between fractional prices and decimal prices
- Determining the yield of securities that pay interest periodically
Skill Level Intermediate
Managing and Analyzing Data in Excel 2010with Dennis Taylor1h 32m Appropriate for all
Excel 2010: Data Validation in Depthwith Dennis Taylor59m 45s Intermediate
1. Analyzing Loans, Payments, and Interest
2. Calculating Depreciation
3. Determining Values and Rates of Return
4. Calculating Bond Coupon Dates and Security Durations
5. Calculating Security Prices and Yields
6. Calculating Prices and Yields of Securities with Odd Periods
Additional resources1m 5s
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