I am using the price function to amortize the book value of a bond that receives monthly interest payments. The problem is that the formula does not calculate monthly periods, only annual, semi-annual, and quarterly. Does anyone have a suggestion?
I am using the price function to amortize the book value of a bond that receives monthly interest payments. The problem is that the formula does not calculate monthly periods, only annual, semi-annual, and quarterly. Does anyone have a suggestion?
There are currently 1 users browsing this thread. (0 members and 1 guests)
Bookmarks