Microsoft Excel isn't just for making spreadsheets; it can also perform math calculations. Scientific and mathematical formulas frequently use exponents and square roots, and you can create a ...

Example of Calculating Variance in Excel In the example below, we will calculate the variance of 20 days of daily returns in the highly popular exchange-traded fund (ETF) named SPY, which invests ...

In Excel, the formula used to calculate a bond's modified duration is built into the MDURATION function. This function returns the modified Macaulay duration for a security, assuming the par value ...