When using MDURATION, the most common questions involve formula entry, argument formats, and result checks; this FAQ includes 3 common questions and a glossary.
FAQ
What should I do if the MDURATION function returns an error?
- Check whether the formula starts with
=. - Check whether the parentheses are paired correctly and whether the separators are correct.
- Confirm that the argument types and count match the function requirements.
- If you use cell references, make sure the referenced cells contain valid dates or numbers.
How can I view the argument guidance for the MDURATION function?
- Type
=MDURATION(in a cell. - Look for the syntax prompt near the formula bar.
- Review each argument position in the prompt before completing the formula.
- If needed, organize the input values in nearby cells first and then reference them.
Why does the MDURATION result look incorrect?
- Check whether the settlement date and maturity date are correct.
- Check whether the coupon, yield, and frequency use the intended values.
- Check whether referenced cells contain text-formatted numbers or blank values.
- Recalculate after editing and compare the result with your expected scenario.
Glossary
| Term | Definition |
|---|---|
| MDURATION | A financial function in WPS Spreadsheet that returns the modified duration of a security with an assumed par value of 100. |
| Settlement date | The date when a security trade is settled. It is an important input in the calculation. |
| Maturity date | The date when the principal of the security is due, which affects the duration result. |
| Cell reference | A worksheet cell address used in a formula instead of typing the value directly, which helps keep calculations linked and updated. |