Join Curt Frye for an in-depth discussion in this video COUPPCD: Calculating the date of a coupon due immediately before settlement, part of Excel 2010: Financial Functions in Depth.
A coupon bond is a bond that pays interest before the bond matures.…That interest is paid on a regular schedule and in Excel that can be either…annually, which is one-time a year, semiannually for two times a year, or…quarterly, which is four times a year.…If you're thinking about investing in a coupon bond before its initiation date,…that is the first day that the bond is available, then you can calculate the…calendar date of the most recent coupon payment by using the COUPPCD function.…To make that calculation, you need to know the following information.…
The first is the settlement date and that is the date that you take…possession of the bond.…Then next you have the maturity date and that is the date that the bond…investment ends and you'll receive your final coupon payment and any other money due to you.…Then you have the coupon frequency and again that can be annual, which once…a year, semiannual which is twice, and quarterly which is four times a year and then basis.…Basis is the way that you calculate the number of days 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
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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