How to Use MDURATION() in Google Sheets

Description

Calculates the modified Macaulay duration of a security paying periodic interest, such as a US Treasury Bond, based on expected yield.

How To Actually Use MDURATION() in Sheets

MDURATION(settlement, maturity, rate, yield, frequency, [day_count_convention])

Try MDURATION yourself

In cells A1 to A5, input the settlement date, maturity date, interest rate, yield, and frequency of a bond. Use the MDURATION formula in cell B1 to calculate the modified duration based on these values.

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