# Learn How to Use Microsoft Excel COUPNUM Function

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

Microsoft Excel COUPNUM Function

The main purpose of the Microsoft Excel COUPNUM function is to get the number of payable coupons. That implies, with the help of the COUPNUM function you can able to return the number of coupons, or interest payments, payable between the settlement date and maturity date. So, with the help of the COUPNUM function, you can able to get the number of payable coupons.

Return Value of COUPNUM Function

The return value will be the number of coupons payable.

Syntax of COUPNUM Function

=COUPNUM(settlement, maturity, frequency [basis])

Where the arguments:

• settlement: This is the settlement date of the security.
• maturity: This is the maturity date of the security.
• frequency: This is the number of coupon payments per year, where annual = 1, semi-annual = 2, and quarterly = 4.
• basis: This is the day count basis, default is 0 (optional).

How to Use Microsoft Excel COUPNUM Function?

So we know that Microsoft Excel COUPNUM function you can able to get the number of payable coupons. That implies, with the help of the COUPNUM function you can able to return the number of coupons, or interest payments, payable between the settlement date and maturity date. So, with the help of the COUPNUM function, you can able to get the number of payable coupons.