Financial =DURATION(settlement, maturity, coupon, yld, frequency, [basis])

Quiz =DURATION — 15 Questions

15 quiz questions about =DURATION — test syntax, arguments, examples & errors!

Questions: 10 questions 15 questions Random 10 or 15 questions from the pool + shuffled options each time

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Progress — 15 questions 1 of 15

Question 1 of 15 1/15

How many optional arguments does =DURATION have?

Question 2 of 15 2/15

Which function is related to =DURATION?

Question 3 of 15 3/15

What is the fix for #VALUE! in =DURATION?

Question 4 of 15 4/15

What is the output type of =DURATION?

Question 5 of 15 5/15

Is argument “basis” required in =DURATION?

Question 6 of 15 6/15

How many arguments does =DURATION have in total?

Question 7 of 15 7/15

What is the type of argument “settlement” in =DURATION?

Question 8 of 15 8/15

In =DURATION, which is argument #2?

Question 9 of 15 9/15

Which is the correct syntax of =DURATION?

Question 10 of 15 10/15

Is argument “yld” required in =DURATION?

Question 11 of 15 11/15

What is the type of argument “maturity” in =DURATION?

Question 12 of 15 12/15

What is the type of argument “yld” in =DURATION?

Question 13 of 15 13/15

Which formula is a valid example of =DURATION?

Question 14 of 15 14/15

What usually causes #NUM! in =DURATION?

Question 15 of 15 15/15

What is the type of argument “frequency” in =DURATION?

Click a question to see the answer.

1. How many optional arguments does =DURATION have?

A. 3
B. 2
C. 0
D. 1 ✓

Explanation: =DURATION has 5 required, 1 optional (6 total).

2. Which function is related to =DURATION?

A. SKEW.P
B. NEGBINOMDIST
C. FLOOR.PRECISE
D. MDURATION ✓

Explanation: “MDURATION” is related to DURATION.

3. What is the fix for #VALUE! in =DURATION?

A. Text is always ignored
B. تاریخ‌ها را با تابع DATE وارد کنید و مطمئن شوید سلول‌ها واقعاً تاریخ هستند، نه متن. ✓
C. Requires add-in
D. Output is always a dynamic array

Explanation: If settlement or maturity is not a valid date, DURATION returns the #VALUE! error value. — Fix: تاریخ‌ها را با تابع DATE وارد کنید و مطمئن شوید سلول‌ها واقعاً تاریخ هستند، نه متن.

4. What is the output type of =DURATION?

A. Mixed
B. Logical
C. Number ✓
D. Text

Explanation: Output is “Number”.

5. Is argument “basis” required in =DURATION?

A. Yes
B. No ✓
C. No
D. —

Explanation: “basis” is optional.

6. How many arguments does =DURATION have in total?

A. 5
B. 8
C. 7
D. 6 ✓

Explanation: =DURATION has 5 required, 1 optional (6 total).

7. What is the type of argument “settlement” in =DURATION?

A. Date ✓
B. Value
C. Mixed
D. Logical

Explanation: Type of “settlement” is “Date”.

8. In =DURATION, which is argument #2?

A. maturity ✓
B. coupon
C. basis
D. range

Explanation: Argument #2 is “maturity”.

9. Which is the correct syntax of =DURATION?

A. =DURATION(settlement, maturity, coupon, yld, frequency, [basis], 0)
B. DURATION(settlement, maturity, coupon, yld, frequency, [basis])
C. =MDURATION(settlement, maturity, coupon, yld, frequency, [basis])
D. =DURATION(settlement, maturity, coupon, yld, frequency, [basis]) ✓

Explanation: Correct syntax: =DURATION(settlement, maturity, coupon, yld, frequency, [basis])

10. Is argument “yld” required in =DURATION?

A. Yes ✓
B. —
C. No
D. Yes

Explanation: “yld” is required.

11. What is the type of argument “maturity” in =DURATION?

A. Array
B. Logical
C. Value
D. Date ✓

Explanation: Type of “maturity” is “Date”.

12. What is the type of argument “yld” in =DURATION?

A. Value
B. Reference
C. Number ✓
D. Mixed

Explanation: Type of “yld” is “Number”.

13. Which formula is a valid example of =DURATION?

A. DURATION(A2,A3,A4,A5,A6,A7)
B. =DURATION(A2,A3,A4,A5,A6,A7) ✓
C. =DURATION(A2,A3,A4,A5,A6,A7, 0)
D. =MDURATION(A2,A3,A4,A5,A6,A7)

Explanation: Correct example: =DURATION(A2,A3,A4,A5,A6,A7)

14. What usually causes #NUM! in =DURATION?

A. مقدار settlement یا maturity تاریخ معتبر نیست.
B. Volatile and recalculates every time
C. If coupon < 0 or if yld < 0, DURATION returns the #NUM! error value. If frequency is any number other than 1, 2, or 4, DURATION returns the #NUM! error value. If basis < 0 or if basis > 4, DURATION returns the #NUM! error value. If settlement ≥ maturity, DURATION returns the #NUM! error value. ✓
D. Only works in old versions

Explanation: If coupon < 0 or if yld < 0, DURATION returns the #NUM! error value. If frequency is any number other than 1, 2, or 4, DURATION returns the #NUM! error value. If basis < 0 or if basis > 4, DURATION returns the #NUM! error value. If settlement ≥ maturity, DURATION returns the #NUM! error value. — Fix: Check the order of the dates and the input values

15. What is the type of argument “frequency” in =DURATION?

A. Number ✓
B. Logical
C. Reference
D. Array

Explanation: Type of “frequency” is “Number”.