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What is the syntax to use the DURATION.MODIF function in Excel?

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What is the syntax to use the DURATION.MODIF function in Excel

If you are learning or starting in the stock market it is necessary that you know some advantages of Excel that will surely be of great help; In this way, you can get the results of the calculations correctly and easily, such as using the DURATION.MODIF function.

In this sense, the DURATION.MODIF function in Excel is basically responsible for returning the annual duration; or also called Macauley, of a stock market value, which will be composed of a series of data or syntax to be able to get the information you are looking for.

When we refer to the syntax to use an Excel function, it indicates the order or arrangement and arguments; that is, they are data that we must enter correctly so that we can find the value, since otherwise, it will give an error, in this case, if you wish you can as a complement consult the Microsoft support help.

What is the correct syntax for the DURATION.MODIF function?

In this case, it is necessary to use the correct syntax in this way, the DURATION.MODIF function will be able to return the nominal value; then the arguments and correct order should be (settlement, expiration, coupon, yield, frequency [base]).

What is the syntax to use the DURATION.MODIF function in Excel

Likewise, to use formulas in spreadsheets it is necessary to have basic knowledge. In this way you will be able to load each of the data and thus use the correct and complete syntax as follows; DURATION.MODIF (settlement, maturity, coupon, yield, frequency [base]).

Settlement

Basically, we refer to the settlement date of the market value; In other words, it is the date after its issuance on which the buyer acquires the cost of the share of the economic title.

Expiration

In this case, it represents the expiration date of the stock; or also the exact time in which it will expire, either the economic title or share acquired by the buyer.

Coupon

The coupon is made up of numerical data that will be greater than or equal to 0; on the other hand, it will indicate what is the annual nominal interest rate of the stock market value; however, if a negative number is entered the function returns #NUM! Or if it is not numeric, it will show #VALUE! Error.

Performance

Regarding performance, in principle it should only be numerical data, also greater than or equal to 0; it also shows the annual profit rate of the stock market value. In case of being a negative number, it will show the code #NUM !, and if it does not have numbers, then it will give #VALUE! Error.

What is the syntax to use the DURATION.MODIF function in Excel

Frequency

It will always be necessary to know the importance of using spreadsheets since with them we can get the calculations quickly; as in this case where the frequency represents how many payments are made per year.

For example, if it is 1 it determines that it is once a year, that is, the payment is made annually; but if it is 2 then we speak semester or every 6 months and finally 4 which means quarterly, equally if the frequency is not calculated in 1, 2 or 4 it will give an error or if it is not numerical it will happen in the same way.

Base

The base will include an integer numerical value that this time will be greater than or equal to 0 and also less than or equal to 4; on the other hand, it will only indicate how the days will be counted and thus calculate the result.

What should you know about the DURATION.MODIF function?

Not everything in Excel is so complex, you can easily use other functions to calculate the average or any other data you need, but in the specific issue of DURATION.MODIF there are values ​​that you must take into account since otherwise, the information will not be correct.

All values ​​will be mandatory, settlement, maturity, coupon, yield, and frequency, less the basis; In this sense, it will not be necessary to calculate it, you only have to locate 0 and enter the numbers 1, 2, 3, or 4 taking into account the calculation according to the days established by each system.

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MS Excel

Introduction to Microsoft Excel to Get Better

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Introduction to Microsoft Excel to Get Better

You need to pay attention to this introduction to Microsoft Excel before you learn the various features and formulas.

If your daily activities are related to numbers or finances, then Excel is ready to make your life easier, guys.

Then what kind of software is this one, and what are the benefits to make your work easier? Here’s the full review.

INTRODUCTION TO MICROSOFT EXCEL

The Microsoft Excel that you are currently using, of course, has undergone a lot of changes from year to year since it was first created.

If your PC or laptop has Microsoft Word and PowerPoint installed, chances are you already have Excel software.

To use this software is basically also quite easy, although not as easy as Microsoft Word, yes. Because it also contains some long formulas.

Because of that, Excel is the software used by many people. Namely the completeness of the features or formulas.

Relax, you can learn all that and OKEGUYS will review it in full in each article.

Benefits of Microsoft Excel

The main function of this software is to process numbers, starting from doing simple calculations, statistics, graphs, solving logic or math problems, and much more.

All of these things you will easily do with the help of Excel formulas, which I will discuss in the next article.

You also need to know, that Excel formulas are also very many and varied, so each formula has its own function.

So, stay tuned for the next update to learn more about Microsoft Excel!

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MS Excel

View Microsoft Excel’s Appearance and Functions

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View Microsoft Excel's Appearance and Functions

After you know what are the functions of Microsoft Excel in general, then the next thing is to know the appearance of the interface and the function of each menu in Microsoft Excel.

Of course, this display will be different depending on the version you are using, and this time is using Office 2013.

But don’t worry, even though there are differences, it’s only a small part, unless you’re using the 2007 version and below.

So what are the functions of the Excel menu? Here’s the full review.

MICROSOFT EXCEL INTERFACE DISPLAY

The display of Excel is divided into several sections and for more details, you can pay attention to the following picture.

View Microsoft Excel's Appearance and Functions

1. Quick Access Toolbar

The first is the place or menu that you will use the most, consisting of several functions starting from Home, Insert, and so on.

In this function, there are still other features that will help your work.

2. Ribbon

Next, there is the Ribbon which contains a collection of commands that have been grouped on their respective functions.

3. Microsoft Excel Formula Bar Display

Then there is a formula bar that indicates an active cell address and its contents. This feature will also be a place where you can write excel formulas, guys.

4. Worksheet Area

Simply put, a worksheet is your worksheet which consists of many cells indicated by columns with ABC symbols and rows or rows with number symbols.

In this area, you can directly write various kinds of data.

Well, that’s a glimpse of how Excel looks. That’s all and hopefully useful, yes.

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MS Excel

How to Open an Excel File and Choose the Correct Format

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How-to Open an Excel File and Choose the Correct Format

How to open an Excel file is very easy and basic, Microsoft Excel can open several types of files, this time OKEGUYS will discuss it with you.

Not only Xlsx but there are several other types that you can of course open with Microsoft Excel.

Anything? Come on, follow the complete tutorial this time.

HOW TO OPEN AN EXCEL FILE

If you have previously understood the appearance of Excel and its functions, then now is how to open the file.

It’s quite easy, it can even be very easy.

Only, what you need to pay attention to is your Excel format and the version of Office that is on your laptop or PC.

If your file is Xlsx, then you can open it with various existing versions of Office.

And to open it you can go to the File – Open – Computer – Browse menu like this.

How-to Open an Excel File and Choose the Correct Format

In this example I am using the 2013 version of Office, if you are using another version there might be some differences, which are basically the same, really.

Then you just need to find the location of your file folder and click Open.

In addition to this method, you can also directly press Enter on your file, really. With a note that the file has the appropriate format, yes.

Excel File Type

How-to Open an Excel File and Choose the Correct Format

By default, your worksheet will be saved in Xlsx format, provided you are using Office version 2007 and above.

But it’s different if you use the 2003 version and below which no one seems to use at this time.

So, for convenience, if you use Excel, it would be better if you have an Xlsx file, which you can easily open in other places.

That’s all for this tutorial, and I hope it’s useful.

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