Join Curt Frye for an in-depth discussion in this video ODDFYIELD: Calculating the yield of a security with an odd first period, part of Excel 2010: 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 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 yield of a security with an…odd, meaning unusual, first period.…We're calculating yield, so we need to know the following things.…In the worksheet you can see that we have the settlement date and that is the…date that you actually take possession of a security.…
The maturity date is when the investment ends and all monies and interest are due to you.…Then the issue date.…That is the date that the security was first offered.…Then we have a first coupon date and that is the date when the first interest…was paid to investors.…Next have the rate that is the annual interest rates applied to the investment.…
- 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
Managing and Analyzing Data in Excel 2010with Dennis Taylor1h 32m Appropriate for all
Excel 2010: Data Validation in Depthwith Dennis Taylor59m 45s 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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