Formula Generator - MDURATION function

The MDURATION function calculates the modified Macaulay duration of a security paying periodic interest, such as a US Treasury Bond, based on expected yield. It takes into account the settlement date, maturity date, coupon rate, yield, frequency, and optional day count convention.
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How to generate an MDURATION formula using AI.

To obtain the MDURATION formula for your data, you can ask the AI chatbot the following question: "What is the formula for calculating the Macaulay duration (MDURATION) in Excel?"

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Step 2: Copy Syntax

MDURATION formula syntax.

The MDURATION function in Excel calculates the Macaulay duration of a security with a fixed interest rate. The syntax for the MDURATION function is: MDURATION(settlement, maturity, coupon, yield, frequency, basis) - settlement: The date when the security is purchased. - maturity: The date when the security matures. - coupon: The annual coupon rate of the security. - yield: The annual yield of the security. - frequency: The number of coupon payments per year. - basis: Optional argument that specifies the day count basis to use. The MDURATION function returns the Macaulay duration, which measures the weighted average time it takes to receive the present value of all cash flows from the security.

Use Cases & Examples In these use cases, we use the MDURATION formula to calculate the modified duration of a bond or other fixed-income security. The MDURATION formula takes into account the bond's yield, maturity, and coupon rate to provide an estimate of the bond's price volatility in response to changes in interest rates.
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