FINANCE COUPDAYBS Function
Computes the number of days from the beginning of the coupon period to the settlement date.
| Category: | Financial |
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Syntax
Arguments
settlement
specifies the settlement date of the security. The security settlement date is the date after the issue date when the security is traded to the buyer.
maturity
specifies the maturity date of the security. The maturity date is the date on which the security expires.
frequency
specifies the number of coupon payments per year. For annual payments, frequency=1; for semiannual payments, frequency=2; for quarterly payments, frequency=4.
basis
specifies the type of day count basis to use.
Example: Computing Description: COUPDAYBS
The following example computes the number of days from the beginning of the coupon period to the settlement date.
data _null_;
settlement=mdy(12,30,1994);
maturity=mdy(11,29,1997);
frequency=4;
basis=2;
r=finance('coupdaybs', settlement, maturity, frequency, basis);
put r=;
run;These statements produce this result:
r=31