coupdaysnc

# coupdaysnc - Number of Days from the Settlement Date to the...

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Number of Days from the Settlement Date to the Next Interest Date COUPDAYSNC The number of days from the settlement date to the next interest date can be calculated using Excel’s COUPDAYSNC function. See the table below for a detailed list of the exercises and problems in the text that can be solved using this function. This function is included in the Analysis ToolPak. Syntax =COUPDAYSNY(settlement,maturity,frequency,basis) Settlement – the date after the issue date when the security is traded to the buyer Maturity – maturity date of the security Frequency - number of coupon payments per year 1 = annual 2 = semiannual 3 = quarterly Basis – day count basis of the security. Defaults to 0 if omitted. 0 = 30/360 (US NASD) 1 = actual/actual 2 = actual/360 3 = actual/365 4 = European 30/365 General Example The following general example shows how the COUPDAYSNC function can be used. Notice that the COUPDAYSNC function appears in the formula bar. Using the COUPDAYSNC Function in a Spreadsheet 1

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To calculate the number of days from the settlement date to the next interest date, create a spreadsheet by following Steps 1 to 7. Or, to use the COUPDAYSNC function right away, open the COUPDAYSNC worksheet in the Excel Functions Templates workbook. All fields have been formatted for you (currency, percentage, number of decimals
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coupdaysnc - Number of Days from the Settlement Date to the...

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