The ODDLPRICE function is one of the financial functions. It is used to calculate the price per $100 par value for a security that pays periodic interest but has an odd last period (it is shorter or longer than other periods).
The ODDLPRICE function syntax is:
ODDLPRICE(settlement, maturity, last-interest, rate, yld, redemption, frequency[, [basis]])
settlement is the date when the security is purchased.
maturity is the date when the security expires.
last-interest is the last coupon date. This date must be before the settlement date.
rate is the security interest rate.
yld is the annual yield of the security.
redemption is the redemption value of the security, per $100 par value.
frequency is the number of interest payments per year. The possible values are: 1 for annual payments, 2 for semiannual payments, 4 for quarterly payments.
basis is the day count basis to use, a numeric value greater than or equal to 0, but less than or equal to 4. It is an optional argument. It can be one of the following:
Note: dates must be entered by using the DATE function.
The values can be entered manually or included into the cell you make reference to.
To apply the ODDLPRICE function,
The result will be displayed in the selected cell.
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