MDURATION Function in Excel: Syntax, Examples and Free Practice
MDURATION is an Excel Financial function. Returns the modified Macauley duration of a security.
MDURATION syntax
Arguments
settlement: The security's settlement (purchase) datematurity: The security's maturity datecoupon: The security's annual coupon rateyld: The annual yield of the securityfrequency: How many payments occur per year
When to use MDURATION
MDURATION is used in loan, investment, or valuation models where precise financial math is required.
Practice MDURATION online, free
Open the live Excel-style spreadsheet and try MDURATION yourself. No Excel install or sign-up needed to start.
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Frequently asked questions
What does the MDURATION function do in Excel?
Returns the modified Macauley duration of a security.
What is the syntax of MDURATION in Excel?
The syntax is =MDURATION(settlement, maturity, coupon, yld, frequency, [basis]). settlement: The security's settlement (purchase) date; maturity: The security's maturity date; coupon: The security's annual coupon rate; yld: The annual yield of the security; frequency: How many payments occur per year.
Where can I practice MDURATION online for free?
Open the free live spreadsheet on Cellgrids and try MDURATION yourself. No Excel install is needed and you can start without signing up.
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