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RECEIVED Function

The RECEIVED function is one of the financial functions. It is used to calculate the amount received at maturity for a fully invested security.

Syntax

RECEIVED(settlement, maturity, investment, discount, [basis])

The RECEIVED function has the following arguments:

Argument Description
settlement The date when the security is purchased.
maturity The date when the security expires.
investment The amount paid for the security.
discount The security discount rate.
basis The day count basis to use, a numeric value greater than or equal to 0, but less than or equal to 4. It is an optional argument. The possible values are listed in the table below.

The basis argument can be one of the following:

Numeric value Count basis
0 US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

Notes

Dates must be entered by using the DATE function.

How to apply the RECEIVED function.

Examples

The figure below displays the result returned by the RECEIVED function.

RECEIVED Function

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