DURATION

Function Type: Financial

Description:

Returns the annual duration of a security with periodic interest payments.

Function Structure:

=DURATION(settlement, maturity, coupon, yld, frequency, [basis]).

Argument Breakdown:

settlement – Settlement date of the security.

maturity – Maturity date of the security.

coupon – The security’s annual coupon rate.

yld – The security’s annual yield.

frequency – Number of coupon payments per year. (annual = 1, semi-annual = 2, quarterly = 4).

basis – Day count basis.

Example:

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