COUPNUM |
COUPNUM(settlement, maturity, frequency [,basis]) |
Returns the number of coupons between the settlement date and the maturity 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 30/360 (default) 1 = Actual/Actual 2 = Actual/360 3 = Actual/365 4 = European 30/360 |
REMARKS |
* The number returned from this function is always rounded up the nearest whole number. * The "settlement" is the date a buyer purchases a coupon, such as a bond. * The "maturity" is the date when the security expires. * 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 the "maturity" date 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. * For the Microsoft documentation refer to support.microsoft.com |
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