# coupnum - Coupon Periods Remaining Between Settlement Date...

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Coupon Periods Remaining Between Settlement Date and Maturity Date COUPNUM The number of coupon periods between the settlement date and the maturity date, rounded up to the next whole coupon period, can be calculated using Excel’s COUPNUM 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 =COUPNUM(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 COUPNUM function can be used. Notice that the COUPNUM function appears in the formula bar. 1

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Using the COUPNUM Function in a Spreadsheet To calculate the number of remaining compounding periods from the settlement date to the maturity date rounded up to the next whole coupon period, create a spreadsheet by following Steps 1 to 7. Or, to use the COUPNUM function right away, open the COUPNUM worksheet in
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coupnum - Coupon Periods Remaining Between Settlement Date...

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