# ODDLPRICE

## Content

This function calculates the price per $100 face value of a security with an odd last coupon period.

## Syntax

`ODDLPRICE(settle, maturity, last, rate, yield, redeem, freq, [basis])`

## Arguments

This function has these arguments:

| Argument | Description |
| -------- | ----------- |
| *settle* | [Required] Settlement date for the security |
| *maturity* | [Required] Maturity date for the security |
| last | [Required] Last coupon date |
| rate | [Required] Annual interest rate |
| yield | [Required] Annual yield for the security |
| redeem | [Required] Redemption value per $100 face value for the security |
| freq | [Required] Frequency of payment, number of payments per year |
| *basis* | [Optional] Integer representing the basis for day count |

## Remarks

This function returns a #VALUE! error when *settle*, *maturity*, or *last* is invalid. *Settle*, *maturity*, *issue*, *last*, and *basis* are truncated to integers.

* If *rate* is less than 0 or *yield* is less than 0, a #NUM! error is returned.
* If *basis* is less than 0 or greater than 4, a #NUM! error is returned.

Maturity should be greater than settle which should be greater than last. Otherwise a #NUM! error is returned.

## Examples

`ODDLPRICE(C1,C2,A3,C4,C5,C6,C7,C8)`