Daily DAX : Day 230 RECEIVED
The RECEIVED function in DAX returns the total amount received at maturity for a fully invested security, accounting for the initial investment and the discount rate. It’s commonly used in financial analysis to determine the payout of securities like zero-coupon bonds, where no periodic interest is paid, and the return is realized at maturity. Syntax dax RECEIVED(<settlement>, <maturity>, <investment>, <discount>[, <basis>]) settlement: The date the security is purchased (after the issue date). Must be a valid date. maturity: The date the security expires and the amount is received. Must be a valid date and later than the settlement date. investment: The amount invested in the security (must be greater than 0). discount: The security’s discount rate (must be greater than 0), expressed as a percentage or decimal (e.g., 4.5% or 0.045). basis (optional): The day count basis for calculating t...