{"id":1811,"date":"2018-07-04T17:46:41","date_gmt":"2018-07-04T17:46:41","guid":{"rendered":"http:\/\/officetuts.net\/excel\/?p=1811"},"modified":"2023-11-02T20:03:30","modified_gmt":"2023-11-02T20:03:30","slug":"coupnum","status":"publish","type":"post","link":"https:\/\/officetuts.net\/excel\/functions\/coupnum\/","title":{"rendered":"COUPNUM function"},"content":{"rendered":"\n<p>COUPNUM is an Excel function that calculates the number of coupon payments between the settlement date and the maturity date of a security.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Syntax<\/h2>\n\n\n\n<p><strong>COUPNUM(settlement, maturity, frequency, [basis])<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Arguments<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>settlement:<\/strong><\/td><td>The settlement date of the security.<\/td><\/tr><tr><td><strong>maturity:<\/strong><\/td><td>The maturity date of the security.<\/td><\/tr><tr><td><strong>frequency:<\/strong><\/td><td>The number of coupon payments per year. For example, for semi-annual payments, use 2.<\/td><\/tr><tr><td><strong>[basis]:<\/strong><\/td><td>(Optional) An optional argument that specifies the day count basis to be used for calculating the number of days between dates. If omitted, Excel uses the default method.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">How to use<\/h2>\n\n\n\n<p>You can use the COUPNUM function to determine the number of coupon payments for a bond or other fixed-income security. Here&#8217;s how to use it with some examples.<\/p>\n\n\n\n<p><strong>Example 1:<\/strong> Calculate the number of coupon payments for a semi-annual bond.<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>=COUPNUM(\"1\/1\/2023\", \"12\/31\/2023\", 2)<\/code><\/pre>\n\n\n\n<p>In this case, the function will return 2, as there are two semi-annual coupon payments between January 1, 2023, and December 31, 2023.<\/p>\n\n\n\n<p><strong>Example 2:<\/strong> Calculate the number of quarterly coupon payments for a bond with a custom day count basis.<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>=COUPNUM(\"3\/1\/2023\", \"9\/30\/2023\", 4, 1)<\/code><\/pre>\n\n\n\n<p>Here, the function returns 2.25 because there are 2 full coupon payments plus a partial coupon payment (0.25) between March 1, 2023, and September 30, 2023, using the 30\/360 day count basis.<\/p>\n\n\n\n<p><strong>Example 3:<\/strong> Determine the number of annual coupon payments for a bond without specifying the day count basis.<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>=COUPNUM(\"6\/15\/2023\", \"6\/15\/2028\", 1)<\/code><\/pre>\n\n\n\n<p>The function will return 5 because there are five annual coupon payments between June 15, 2023, and June 15, 2028.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>COUPNUM is an Excel function that calculates the number of coupon payments between the settlement date and the maturity date of a security&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[180],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>COUPNUM function<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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