Join Curt Frye for an in-depth discussion in this video COUPNUM: Calculating the number of coupons between settlement and maturity, part of Excel 2010: Financial Functions.
A coupon bond is a bond that pays interest before maturity.…Once you own the bond, you can calculate the number of coupon payments you will…receive over the life of the bond by using the COUPNUM function.…To use that function, you need to know the following four things.…The first is the settlement date and that is the date that you buy into the…investment and take possession of the bond.…Then next you have the maturity date and that is the date that the investment ends,…that you receive your last coupon payment and any other money due to you.…
Then next you have coupon frequency and in Excel that means it can either be…annual which is one coupon per year, this is an annual frequency, then two,…which is semiannual, or four which is quarterly.…Then the next argument is the basis and this is the way that you count the…number of days in a month and a year.…In North America, the standard is for a 30 day month leading to a 360 day year. That is option 0.…In this case, I am using option 1, which is actual and that means you count…
- 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
Q: Where can I learn more about Excel formulas?
A: Discover more on this topic by visiting Excel formulas on lynda.com.
Managing and Analyzing Data in Excel 2010with Dennis Taylor1h 32m Appropriate for all
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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