Use MDURATION through 4 how-to topics, including entering the function, filling arguments with cell references, combining it with other formulas, and checking input errors; all 4 topics are available without membership and 0 are membership-related.
How-to Index
| No. | Topic | Membership Requirement |
|---|---|---|
| 1 | 1. Enter the MDURATION function | Free |
| 2 | 2. Use cell references for arguments | Free |
| 3 | 3. Combine MDURATION with other formulas | Free |
| 4 | 4. Check and correct input errors | Free |
How-to Guide
1. Enter the MDURATION function
Entry point: Open WPS Spreadsheet → Select the target cell → Formula bar
- Open your workbook and select the cell where you want the result to appear.
- Type
=to start the formula. - Enter
MDURATION(. - Continue filling in the required arguments and close the parenthesis.
- Press Enter to return the result.
Success Criteria
- On-screen result: The target cell shows a calculated result.
- What you can do next: Select the cell again to review the full formula in the formula bar.
Tips While Using
- Start the formula with
=.- Use standard parentheses and separators for the function arguments.
2. Use cell references for arguments
Entry point: Result cell → Formula bar
- Enter the settlement date, maturity date, coupon rate, yield, payment frequency, and basis in separate cells first.
- In the result cell, type
=MDURATION(. - Click each parameter cell in order so the references are inserted into the formula.
- Complete the separators and closing parenthesis, then press Enter.
Success Criteria
- On-screen result: The formula shows cell references.
- What you can do next: When you change a parameter cell, the result updates automatically.
Tips While Using
- Keep date arguments in a valid date format.
- Make sure coupon rate, yield, and frequency are entered as valid numeric values.
3. Combine MDURATION with other formulas
Entry point: Analysis area cell → Formula bar
- Complete the basic MDURATION calculation first.
- Reference the MDURATION result from another cell.
- Combine it with yield changes, price estimates, or custom analysis columns.
- Save the workbook for later reuse.
Success Criteria
- On-screen result: The analysis area shows referenced results and derived calculations.
- What you can do next: When source parameters change, related analysis columns update as well.
Tips While Using
- Add clear headers for key inputs and result columns.
- In more complex models, place intermediate results in separate columns for easier review.
4. Check and correct input errors
Entry point: Formula cell with an error → Formula bar
- Select the cell that returns an error value.
- Check whether the parentheses, separators, and number of arguments are complete.
- Review the date order, frequency value, and numeric formats.
- Correct the formula and press Enter to recalculate.
Success Criteria
- On-screen result: The error value is cleared and a normal result appears.
- What you can do next: The formula continues to recalculate after later parameter changes.
Tips While Using
- If a referenced cell is blank, the result may not return as expected.
- Test the formula structure with sample data before applying it across a larger sheet.