Formula generator for 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.
Formula generator
Spreadsheet AI is the #1 AI for generating and comprehending Excel and Google Sheets formulas. With its advanced capabilities, it goes beyond the basics by providing support for VBA and custom tasks. Streamline your spreadsheet with Spreadshee AI
How to generate an MDURATION formula using AI.
To obtain information on the ARRAY_CONSTRAIN formula, you could ask the AI chatbot the following question: “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?"”
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.
Bond Duration Calculation
Description
Calculates the modified Macaulay duration of a bond based on its settlement date, maturity date, coupon rate, yield, frequency, and day count convention.
Result
MDURATION(settlement, maturity, rate, yield, frequency, [day_count_convention])
Portfolio Duration Calculation
Description
Calculates the weighted average duration of a portfolio of bonds based on their individual durations and weights.
Result
SUMPRODUCT(duration_range, weight_range)
Bond Price Sensitivity Analysis
Description
Calculates the percentage change in the price of a bond for a given change in yield, based on its duration.
Result
BONDPRICE(bond_yield + yield_change, coupon_rate, settlement, maturity, frequency) - BONDPRICE(bond_yield, coupon_rate, settlement, maturity, frequency)
AI tips
Enhance Your Excel Efficiency with AI Tips: Discover our innovative Excel add-in feature, ‘AI Tips.’ Streamline your workflow and boost productivity as AI-powered suggestions offer real-time insights for optimal spreadsheet organization, data analysis, and visualization. Elevate your Excel experience with intelligent recommendations tailored to your unique needs, helping you work smarter and achieve more.
Provide Clear Context
When describing your requirements to the AI, provide clear and concise context about the data you have, the specific task you want to accomplish, and any relevant constraints or conditions. This helps the AI understand the problem accurately.
Include Key Details
Include important details such as column names, data ranges, and specific criteria that need to be considered in the formula. The more precise and specific you are, the better the AI can generate an appropriate formula.
Use Examples
If possible, provide examples or sample data to illustrate the desired outcome. This can help the AI better understand the pattern or logic you are looking for in the formula.
Mention Desired Functionality
Clearly articulate the functionality you want the formula to achieve. Specify if you are looking for lookups, calculations, aggregations, or any other specific operations.