Use the MDURATION function in 4 topics on WPS Spreadsheet for Windows; choose a topic from the How-to Index and follow the steps to complete the task.
How-to Index
| No. | Topic | Membership Requirement |
|---|---|---|
| 1 | 1. Enter the MDURATION function | Free |
| 2 | 2. Fill in the function arguments with prompts | Free |
| 3 | 3. Use cell references to complete the calculation | Free |
| 4 | 4. Fix errors or recalculate the result | Free |
How-to Guide
1. Enter the MDURATION function
Entry point: Formulas tab → formula bar
- Open WPS Spreadsheet and select the cell where you want the result to appear.
- Type
=to start a formula. - Continue by typing
MDURATION(. - Check whether the function name and syntax prompt appear.
Success Criteria
- Interface result: The cell enters formula-editing mode and shows the MDURATION prompt.
- What you can do next: You can continue entering arguments or reference other cells.
Tips While Using
- Common mistake: If you do not type
=first, the content may be treated as plain text.- Environment note: Complete this task in a WPS Spreadsheet worksheet.
2. Fill in the function arguments with prompts
Entry point: Function prompt in the formula bar
- After
MDURATION(, enter the required arguments in order. - Fill in the settlement date, maturity date, coupon, yield, frequency, and basis as prompted.
- Separate arguments with commas.
- Type the closing parenthesis
)and press Enter.
Success Criteria
- Interface result: The cell returns a calculated value, and the formula bar shows the full MDURATION formula.
- What you can do next: You can edit any argument and get an updated result.
Tips While Using
- Common mistake: Missing parentheses, too few arguments, or incorrect separators can trigger a formula error.
- Environment note: Keep date and numeric arguments in valid calculation formats.
3. Use cell references to complete the calculation
Entry point: Worksheet cells + formula bar
- Put the settlement date, maturity date, coupon, and other arguments into worksheet cells.
- In the result cell, type
=MDURATION(. - Click each argument cell in order to insert cell references.
- Complete the formula and press Enter.
Success Criteria
- Interface result: The result cell shows a calculated value, and the formula contains cell references.
- What you can do next: When you change any argument cell, the result can update with it.
Tips While Using
- Common mistake: Referencing text-formatted numbers or invalid dates can affect the result.
- Environment note: For cross-sheet references, confirm that the referenced cells are valid.
4. Fix errors or recalculate the result
Entry point: Result cell → formula bar / worksheet recalculation
- If the result shows an error, check the parentheses, argument order, and separators first.
- Check whether the referenced cells contain valid dates, rates, and frequency values.
- After editing the arguments, press Enter to confirm the formula again.
- If needed, trigger worksheet recalculation and review the updated result.
Success Criteria
- Interface result: The error message disappears or the result updates to a new calculated value.
- What you can do next: You can continue copying the formula, saving the workbook, or using the result in later analysis.
Tips While Using
- Common mistake: Numbers stored as text can cause unexpected results.
- Environment note: In complex workbooks, confirm that related reference chains have updated.