COUPNUM

Excel Functions

Get number of coupons payable

Syntax

EXCEL

=COUPNUM(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

Number of coupons payable

Details

Historically, bonds were printed on paper with detachable coupons. The coupons were presented to the bond issuer by the bondholder to collect periodic interest payments. The Excel COUPNUM function returns the number of coupons (interest payments) payable between the settlement date and maturity 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. Basis specifies the method used to count days (see below). In the example show, the formula in F6 is: 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

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

=COUPNUM(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

=COUPNUM(DATE(2019,2,15),DATE(2029,1,1),2,0)

COUPNUM

Syntax

Arguments

Return Value

Details

Examples

See Also