Excel Function COUPNCD

COUPNCD(settlement, maturity, frequency [,basis])

Returns the next coupon date after the settlement date.

settlement	The settlement date of the security.
maturity	The maturity of the security.
frequency	The number of coupon payments in a year: 1 = annual 2 = semi annual 4 = quarterly
basis	(Optional) The type of day counting to use: 0 = US 30/36 (default) 1 = Actual/Actual 2 = Actual/360 3 = Actual/365 4 = European 30/360

Remarks

* The "settlement" is the date a buyer purchases a coupon, such as a bond.
* The "maturity" is the date when the security expires.
* Dates must be entered as text strings within quotation marks or as serial numbers.
* If "settlement" >= "maturity", then #NUM! is returned.
* If "settlement" is not an integer, it is truncated.
* If "settlement" is not a valid date, then #NUM! is returned.
* If "maturity" is not a valid date, then #NUM! is returned.
* If "maturity" is not an integer, it is truncated.
* If "maturity" has passed, then #VALUE! is returned.
* If "frequency" is not an integer, it is truncated.
* If "frequency" is any number other than 1, 2 or 4, then #NUM! is returned.
* If "basis" is left blank, then 0 is used.
* If "basis" is not an integer, it is truncated.
* If "basis" < 0, then #NUM! is returned.
* If "basis" > 4, then #NUM! is returned.
* In Excel 2003 this function was only available when you had the Analysis ToolPak add-in loaded.
* For the Microsoft documentation refer to support.office.com

	A
1	=COUPNCD("6 Jun 2010","31 Dec 2012",2,0) = 30/06/2010
2	=COUPNCD("4 Feb 2011","31 Aug 2014",2,0) = 28/02/2011
3	=COUPNCD("4 Feb 2011","31 Aug 2014",2,1) = 28/02/2011
4	=COUPNCD("25/1/2007","15/11/2008",2,1) = 15/05/2007
5	=COUPNCD("1/25/1998","11/15/1999",2,1) = #VALUE!

1 - What is the date of the next coupon payment if you purchase a bond on 6 Jun 2010 that matures on 31 Dec 2012 and coupons are paid semi-annually and day counting is 30/360.
2 - What is the date of the next coupon payment if you purchase a bond on 4 Feb 2011 that matures on 31 Aug 2014 and coupons are paid semi-annually and day counting is 30/360.
3 - Exactly the same as Example 2 but with day counting of Actual/Actual.