Join Curt Frye for an in-depth discussion in this video ODDFPRICE: Calculating the price of a security with an odd first period, part of Excel 2010: Financial Functions.
The bond related formulas and functions in the previous chapters assume that…every period is the same length. For example,…that coupon payments occur every 3, 6 or 12 months.…Some bonds have irregular first or last periods where the payment dates don't…fit any of those patterns.…So Excel includes a set of functions you can use to evaluate those securities.…In this movie, I'll show you how to calculate the price for a security that has…and odd or unusual first period.…To do that we need to know the following things. The first argument for our…function is the settlement date.…
That is the date that you take possession of the security.…And next, we have the maturity date and that is the last date of the investment…when all monies are due to you.…Then the issue date and that is the date that the security was initiated and…again that can be different from the date you take possession of it.…Then we have the first coupon date and that is the first day that interest is…paid to you the bondholder.…Then we have the coupon percentage and that is the amount of money paid based…
- 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 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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