Learn How to Use Microsoft Excel ODDFPRICE Function

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In this article, you will learn how to use the Microsoft Excel ODDFPRICE function and its prime function in Microsoft Excel. You will also get to know the Microsoft Excel ODDFPRICE function return value and syntax with the help of some examples.

Microsoft Excel ODDFPRICE Function

The main purpose of the Microsoft Excel ODDFPRICE function is to get the price per \$100 odd first period. That implies, with the help of the ODDFPRICE function you can able to return the price per \$100 face value of a security with an odd or irregular first period. So, with the help of the ODDFPRICE function, you can able to the price per \$100 odd first period.

Return Value of ODDFPRICE Function

The return value will be the bond price.

Syntax of ODDFPRICE Function

=ODDFPRICE(sd, md, id, fd, rate, yld, redem, freq, [basis])

Where the arguments:

• sd - This is the settlement date of the security.
• md - This is the maturity date of the security.
• id - This is the issue date of the security.
• fd - This is the date of the first coupon.
• rate - This is the annual coupon rate of security.
• yld - This is the annual required rate of return.
• redem - This is the redemption value per \$100 face value.
• freq - This is the coupon payments per year, where, annual = 1, semiannual = 2; quarterly = 4.
• basis - This is the day count basis, that's defaults to 0 (optional).

How to Use Microsoft Excel ODDFPRICE Function?

So we know that Microsoft Excel ODDFPRICE function you can able to get the price per \$100 odd first period. That implies, with the help of the ODDFPRICE function you can able to return the price per \$100 face value of a security with an odd or irregular first period. So, with the help of the ODDFPRICE function, you can able to the price per \$100 odd first period.