A coupon bond is paid on a regular schedule, either one, two, or four times a year. If you’re thinking about investing in a coupon bond, you can calculate the calendar date of the most recent coupon payment by using the COUPPCD function. If you’d like to know when the most recent coupon payment occurred, you can use the COUPPCD function.
- [Instructor] A coupon bond is paid on a regular schedule,…either one, two or four times a year.…If you're thinking about investing in a coupon bond,…you can calculate the calendar date…of the most recent coupon payment before your settlement…by using the COUPPCD function.…I'll show you how to perform that calculation in this movie.…And my sample file is PreviousCouponDate_04_06.…You can find that in the chapter four folder…of the exercise files collection.…Taking a look at the values in this worksheet,…you can see that to calculate the date…of the most recent past, previous coupon payment,…we need to know four different things.…
First is the settlement date…and that is the date that…you take possession of the security.…That's in C3.…Next is the maturity date…and that's the date the investment, usually a bond, ends.…That's in C4.…C5 is the number of coupons per year.…That can be one, two, or four,…for annual, semi-annual, or quarterly.…And finally basis is how Excel looks at the calendar.…I'll go into more detail on that when I create the formula.…
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- Analyzing loans, payments, and interest
- Calculating depreciation
- Determining values and rates of return
- Calculating bond coupon dates and security durations
- Calculating security prices and yields
- Calculating prices and yields of securities with odd periods
- Analyzing simulation results
Skill Level 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. Analyzing Simulation Results
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