Name
COUPNUM
Synopsis
Use
COUPNUM (an Analysis ToolPak
function) to determine the number of coupon dates between the
settlement date and the maturity date. The function returns a whole
number that is rounded up, if necessary. For example, if you have
monthly payments and there are 5 1/3 months between the two dates,
the function returns a value of 6. To use this
function you must know the settlement date for the security, when the
security matures, and the frequency of the coupon payments.
To Calculate
=COUPNUM((Settlement,Maturity,Frequency,Basis)
The Basis argument is the only optional
argument. The other arguments must have values.
Example
Figure 12-3 illustrates how you can use COUPNUM to determine the number of coupon periods between the settlement date and the maturity date.
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