FinancialLevel: ExpertAvailable in: Excel 2007+
In this article
- Syntax
- Examples
- Example 1
- Related functions
MDURATION estimates the percentage price change for a 1% change in yield — the number fund managers quote.
Syntax
=MDURATION(settlement, maturity, coupon, yld, frequency, [basis])
| Argument |
What it means |
yld |
Current yield. |
Examples
Example 1
=MDURATION(DATE(2021,4,1), DATE(2031,4,1), 7%, 7.5%, 2)
A little below DURATION — roughly the % price drop if yields rise 1%.
DURATION · PRICE
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