WorksheetFunction.CoupDayBs(Object, Object, Object, Object) Method
Definition
Important
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Returns the number of days from the beginning of the coupon period to the settlement date.
public double CoupDayBs (object Arg1, object Arg2, object Arg3, object Arg4);Public Function CoupDayBs (Arg1 As Object, Arg2 As Object, Arg3 As Object, Optional Arg4 As Object) As DoubleParameters
- Arg1
- Object
The security's settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.
- Arg2
- Object
The security's maturity date. The maturity date is the date when the security expires.
- Arg3
- Object
The number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for quarterly, frequency = 4.
- Arg4
- Object
The type of day count basis to use.
Returns
Remarks
The following table contains the list of values for Arg4.
| 0 or omitted | US (NASD) 30/360 |
| 1 | Actual/actual |
| 2 | Actual/360 |
| 3 | Actual/365 |
| 4 | European 30/360 |
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, January 1, 1900 is serial number 1, and January 1, 2008 is serial number 39448 because it is 39,448 days after January 1, 1900. Microsoft Excel for the Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires. For example, suppose a 30-year bond is issued on January 1, 2008, and is purchased by a buyer six months later. The issue date would be January 1, 2008, the settlement date would be July 1, 2008, and the maturity date would be January 1, 2038, 30 years after the January 1, 2008, issue date.
All arguments are truncated to integers.
If settlement or maturity is not a valid date, CoupDayBs generates an error.
If frequency is any number other than 1, 2, or 4, CoupDayBs generates an error.
If basis < 0 or if basis > 4, CoupDayBs generates an error.
If settlement ≥ maturity, CoupDayBs generates an error.