Zoho Sheet

CD Ladder Spreadsheet
Copyright: Explore Bonds

This spreadsheet calculates the weighted average yield and duration of a CD ladder.
For new issue CDs, enter 100 as the price and 0 in the commission fields. If you are using fewer than 5 CDs,
enter 0.000001 in the Number of CDs field. For more information, see
Building a CD Ladder

Assumptions
	CD #1	CD #2	CD #3	CD #4	CD #5
Purchase Date	11/17/2009	11/17/2009	11/17/2009	11/17/2009	11/17/2009
Maturity Date	09/29/2010	12/01/2011	09/28/2012	10/20/2013	10/20/2014
Interest Rate	1.35%	4.05%	4.85%	2.85%	3.25%
Price without commission	100.000	103.374	105.250	100.000	100.000
Commission per CD	$0.00	$1.00	$1.00	$1.00	$0.00
Minimum commission per order	$0.00	$8.00	$8.00	$8.00	$0.00
Number of CDs (1 CD = $1,000 principal)	0	20	10	0	0

Calculations
	CD #1	CD #2	CD #3	CD #4	CD #5	Total/Average
Price with commission	100.000	103.474	105.350	100.100	100.000
Total amount invested	$0.00	$20,694.80	$10,535.00	$0.00	$0.00	$31,229.80
Yield after commission	1.35%	2.29%	2.88%	2.82%	3.25%	2.49%
Maturity	0.87	2.04	2.86	3.92	4.92	2.32
Duration (years)	0.86	1.91	2.65	3.68	4.51	2.16

Sheet1