<div class="raw-html-embed">The MDURATION function is one of the <a href="https://helpcenter.onlyoffice.com/onlyoffice-editors/onlyoffice-spreadsheet-editor/UsageInstructions/InsertFunction.aspx#financial" onclick="onhyperlinkclick(this)">financial functions</a>. It is used to calculate the modified Macaulay duration of a security with an assumed par value of $100.
 <h5 class="pt8">Syntax</h5>
 MDURATION(settlement, maturity, coupon, yld, frequency, [basis])
 The MDURATION function has the following arguments:
 <table style="width: 40%">
 <tbody><tr>
 <th style="background-color: #f4f4f4" width="150ch">Argument</th>
 <th style="background-color: #f4f4f4">Description</th>
 </tr>
 <tr>
 <td>settlement</td>
 <td>The date when the security is purchased.</td>
 </tr>
 <tr>
 <td>maturity</td>
 <td>The date when the security expires.</td>
 </tr>
 <tr>
 <td>coupon</td>
 <td>The annual coupon rate of the security.</td>
 </tr>
 <tr>
 <td>yld</td>
 <td>The annual yield of the security.</td>
 </tr>
 <tr>
 <td>frequency</td>
 <td>The number of interest payments per year. The possible values are: 1 for annual payments, 2 for semiannual payments, 4 for quarterly payments.</td>
 </tr>
 <tr>
 <td>basis</td>
 <td>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.</td>
 </tr>
 </tbody></table>

 The basis argument can be one of the following:
 <table style="width: 40%">
 <tbody><tr>
 <th style="background-color: #f4f4f4">Numeric value</th>
 <th style="background-color: #f4f4f4">Count basis</th>
 </tr>
 <tr>
 <td>0</td>
 <td>US (NASD) 30/360</td>
 </tr>
 <tr>
 <td>1</td>
 <td>Actual/actual</td>
 </tr>
 <tr>
 <td>2</td>
 <td>Actual/360</td>
 </tr>
 <tr>
 <td>3</td>
 <td>Actual/365</td>
 </tr>
 <tr>
 <td>4</td>
 <td>European 30/360</td>
 </tr>
 </tbody></table>
 <h5 class="pt8">Notes</h5>
 Dates must be entered by using the <a href="https://helpcenter.onlyoffice.com/onlyoffice-editors/onlyoffice-spreadsheet-editor/Functions/date.aspx" onclick="onhyperlinkclick(this)">DATE</a> function.
 
 <a href="https://helpcenter.onlyoffice.com/onlyoffice-editors/onlyoffice-spreadsheet-editor/UsageInstructions/InsertFunction.aspx#applyfunction" onclick="onhyperlinkclick(this)">How to apply</a> the MDURATION function.
 
 <h5 class="pt8">Examples</h5>
 The figure below displays the result returned by the MDURATION function.
 <img alt="MDURATION Function" src="https://static-helpcenter.teamlab.info/mduration_1faf1b8aa7.png"></div>

MDURATION function

Docs

Argument	Description
*settlement*	The date when the security is purchased.
*maturity*	The date when the security expires.
*coupon*	The annual coupon rate of the security.
*yld*	The annual yield of the security.
*frequency*	The number of interest payments per year. The possible values are: 1 for annual payments, 2 for semiannual payments, 4 for quarterly payments.
*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.

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

MDURATION function

Syntax

Notes

Examples

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