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ODDFYIELD: Calculating the yield of a security with an odd first period

ODDFYIELD: Calculating the yield of a security with an odd first period: Excel 2016: Financial Functions in Depth
ODDFYIELD: Calculating the yield of a security with an odd first period: Excel 2016: Financial Functions in Depth

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 three, six, or twelve months. Some bonds have irregular first or last periods, where the payment dates don’t fit any of those patterns. When you want to calculate the yield of a bond with an odd first period, use the ODDFYIELD function.

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Skill Level Intermediate
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Business Spreadsheets Excel Microsoft Office

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