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Secondary Loan Pricing Calculation (price of loan being bought/sold)

  1. #1
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    Secondary Loan Pricing Calculation (price of loan being bought/sold)

    I'm trying to calculate the price for a loan (by entering rate, maturity & YTM). This is where loans are bought and sold, so would be the same math as bond calculations. I don't need exact (to a specific date) duration entries, and am OK with just a simple "how many years" input for this purpose.

    Attached is a spreadsheet and thanks in advance for any assistance.
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    Re: Secondary Loan Pricing Calculation (price of loan being bought/sold)

    I worked on this futher and by creating two extra cells and referencing them, can get the =PRICE formula, for "Calculate Loan Price" to work. (attached)

    However it's not exactly an elegant solution, anyone know how to combine that into a single formula?

    Thanks
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  3. #3
    Valued Forum Contributor Lemice's Avatar
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    Re: Secondary Loan Pricing Calculation (price of loan being bought/sold)

    Hello,

    You can always include a formula in another one, like this
    =PRICE(TODAY(),B20+(365*B18),B17,B19,B15,4,0)

    Hope this help.
    (copy pasta from Ford)
    1. Use code tags for VBA. [code] Your Code [/code] (or use the # button)
    2. If your question is resolved, mark it SOLVED using the thread tools

    Regards,
    Lem

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    Re: Secondary Loan Pricing Calculation (price of loan being bought/sold)

    Lemice,

    Thank you; with your tip, I used =PRICE(TODAY(),TODAY()+(365*B18),B17,B19,B15,4,0)

    I've got it to work now.

    Thanks,
    Rom

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