# ODDFYIELD

Spread for WinForms provides advanced software components that support Excel import/export, full cell customization, an extensive calculation engine with over 450 functions and more, all with zero dependencies on Excel.

## Content



This function calculates the yield of a security with an odd first period.

## Syntax

ODDFYIELD(*settle,maturity,issue,first,rate,price,redeem,freq,basis*)

## Arguments

This function has these arguments:

| **Argument** | **Description** |
| -------- | ----------- |
| *settle* | Settlement date for the security |
| *maturity* | Maturity date for the security |
| issue | Issue date for the security |
| first | First coupon date |
| rate | Interest rate of the security |
| price | Price of the security |
| redeem | Redemption value per $100 face value for the security |
| freq | Frequency of payment, number of payments per year |
| *basis* | [Optional] Integer representing the basis for day count (Refer to [Day Count Basis](/spreadnet/docs/latest/online-formula/formulas-overview/formulas-functs/formulas-functtypes/formulas-functsfinance/formulas-functsdaycount).) |

## Remarks

This function returns a #VALUE! error when settle, maturity, issue, or first is invalid. Settle, maturity, issue, first, and basis are truncated to integers. If rate is less than 0 or yield is less than or equal to 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 first which should be greater than settle which should be greater than issue. Otherwise a #NUM! error is returned.

## Data Types

Accepts numeric data. Returns numeric data.

## Examples

`ODDFYIELD(B1,B2,B3,B4,B5,B6,B7,B8,B9)`

## Version Available

This function is available in product version 2.0 or later.

## See Also

[PRICE](/spreadnet/docs/latest/online-formula/formulas-functionsall/formulas-functsMtoQ/FunctionPRICE) \| [ODDLYIELD](/spreadnet/docs/latest/online-formula/formulas-functionsall/formulas-functsMtoQ/FunctionODDLYIELD) \| [ODDFPRICE](/spreadnet/docs/latest/online-formula/formulas-functionsall/formulas-functsMtoQ/FunctionODDPRICE) \| [ODDLPRICE](/spreadnet/docs/latest/online-formula/formulas-functionsall/formulas-functsMtoQ/FunctionODDLPRICE) \| [Financial Functions](/spreadnet/docs/latest/online-formula/formulas-overview/formulas-functs/formulas-functtypes/formulas-functsfinance)