 Formulas > =COUPPCD()

# How To Use COUPPCD() Function in Google Sheets

Description

Calculates last coupon, or interest payment, date before the settlement date.

Common questions about the COUPPCD formula include:
1. What is the COUPPCD formula?
2. What does COUPPCD stand for?
3. What does the COUPPCD formula calculate?
4. What is the syntax for the COUPPCD formula?

The COUPPCD formula can be used appropriately in Google Sheets to calculate the actual coupon rate on a bond when provided with the present value formula, coupon value, yield to maturity, and the face value of the bond.

The COUPPCD formula is commonly mistyped as "COUPCPO" instead of "COUPPCD". Also COUPCD, COUPPPCD, COUPPCD, COUPPD.

Some common ways the COUPPCD formula is used inappropriately are: using the wrong yield to maturity value, not entering the complete formulae, forgetting to enter parenthesis for the formula, or entering a dividend value in place of the coupon value.

Common pitfalls when using the COUPPCD formula are not entering the complete equation, entering the incorrect value for coupon payments, or failing to include the correct face value of the bond.

Common mistakes when using the COUPPCD Formula include incorrectly entering the yield to maturity, entering the wrong coupon payment amount, or entering the wrong face value.

Common misconceptions people might have with the COUPPCD Formula are that the wrong YTM value or the wrong Face Value must be entered, that the formula will output the coupon rate, or that the coupon rate is the same as the yield to maturity.

How To Actually Use COUPPCD() in Sheets

`COUPPCD(settlement, maturity, frequency, [day_count_convention])`

Looking for a video tutorial? Members can email me anytime! Check out the blogs below for more info on this formula. Or generate your formula. Find more formulas here at BetterSheets.co/formulas

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