Section 16: Bonds; 30/360 Day Basis Bonds - HP 12C Platinum Owner's Handbook Manual

160

Section 16: Bonds

30/360 Day Basis Bonds

A bond is a contract to pay interest, usually semiannually, at a given rate
(coupon) and to pay the principal of the bond at some specified future date. A
bond which is calculated on a 30/360 day basis is one in which the day count
basis is computed using 30 days in a month and 360 days in a year.
The following program solves for the price given the yield or for the yield given
the price of a semiannual coupon bond which is calculated on a 30/360 day basis
and is held for more than six months.
KEYSTROKES
(RPN mode)
f]
fs
000,
f Î
000,
CLEAR
f G
001,
CLEAR
g×
002,
:2
003,
2
004,
z
005,
P
006,
?6
007,
:5
008,
+
009,
M
010,
:3
011,
:4
012,
gÒ
013,
d
014,
1
015,
8
016,
0
017,
Section 16
Bonds
KEYSTROKES
DISPLAY
(RPN mode)
-
:6
§
34 :0
42
7 gm
43
2 gi039
45
2 2
10 z
14 ¼
6 $
44
5 Þ
45
40 ~
15 -
3 gF
45
4 ~
45
26 gi000
43
33 d
1 :1
8 +
0 Þ
DISPLAY
023, 30
024, 45 6
025, 20
026, 45 0
027, 43 35
028, 43,33,039
029, 2
030, 10
031, 12
032, 13
033, 16
034, 34
035, 30
036, 43 40
037, 34
038, 43,33,000
039, 33
040, 45 1
041, 40
042, 16