The coupons were presented to the bond issuer by the bondholder to collect periodic interest payments.
The Excel COUPPCD function returns the previous coupon date before the settlement date.
The settlement date is the date the investor takes possession of a security.
Thefrequencyis the number of interest payments per year.Basisspecifies the method used to count days (see below).
To enter valid dates directly, it’s possible for you to use theDATE function.
Basis
Thebasisargument controls how days are counted.
The COUPPCD function allows 5 options (0-4) and defaults to zero, which specifies US 30/360basis.
Thisarticle on wikipediaprovides a detailed explanation of available conventions.
COUPDAYS Function
COUPDAYBS Function
COUPDAYSNC Function
COUPNCD Function
COUPPCD Function
