Join Curt Frye for an in-depth discussion in this video ODDLYIELD: Calculating the yield of a security with an odd last period , part of Excel 2010: Financial Functions in Depth.
The bond related formulas and functions in the previous chapters assume that…every period is of the same length. For example,…that coupon payments occur every 3, 6 or 12 months.…Some bonds have irregular first or last periods though, which means that the…payments dates don't fit any of those patterns.…For those securities Excel includes a set of functions you can use to evaluate them.…In this movie, I'll show you how to calculate the yield of a security with an…odd, meaning unusual, last period.…To make that calculation, the first thing we need to no know is the settlement…date and that that is the date that you take possession of the security.…
Next we have the maturity date and that is the last day of the investment, when…all principle and any other proceeds are returned to you.…The last interest date is the last day that any interests through coupons are paid to you.…The rate is the annual percentage rate of the investment.…Then we have the price which is the price per $100 of face value that you pay.…
- 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
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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