COUPDAYS

Excel Functions

Get days in coupon period incl settlement date

Syntax

EXCEL

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

Arguments

Parameter	Description
`settlement`	Settlement date of the security.
`maturity`	Maturity date of the security.
`frequency`	Number of coupon payments per year (annual = 1, semi-annual = 2, quarterly = 4).
`basis`	[optional] Day count basis (see below, default =0).

Return Value

Calculated days

Details

Historically, bonds were printed on paper with detachable coupons. The coupons were presented to the bond issuer in order to collect periodic interest payments. The COUPDAYS function returns the number of days in a coupon period that includes the settlement date. The settlement date is the date the investor takes possession of a security. The maturity date is the date when the investment ends and the principle plus accrued interest is returned to the investor. The frequency is the number of interest payments per year. In the example shown, the formula in F4 is: COUPDAYS returns an integer, so use a number format (not a date format) to display properly. In Excel, dates are serial numbers. Generally, the best way to enter valid dates is to use cell references, as shown in the example. To ent

Examples

Example 1

The settlement date is the date the investor takes possession of a security. The maturity date is the date when the investment ends and the principle

EXCEL

=COUPDAYS(C6,C7,C10,C11)

Entering dates

In Excel, dates are serial numbers. Generally, the best way to enter valid dates is to use cell references, as shown in the example. To enter valid da

EXCEL

=COUPDAYS(DATE(2019,2,15),DATE(2024,1,1),2,0)

COUPDAYS

Syntax

Arguments

Return Value

Details

Examples

See Also