Bond Worksheet Terminology; Entering Bond Data And Computing Results - Texas Instruments Calculator User Manual

Bond Worksheet Terminology

Term
Call Date
Coupon
Payment
Coupon Rate
Dollar Price
Par (Face) Value The value printed on the bond.
Premium Bond
Discount Bond
Redemption
Date
Redemption
Value
Settlement Date The date on which a bond is exchanged for funds.
Yield to
Maturity

Entering Bond Data and Computing Results

To compute values for price (
( ) and accrued interest (
YLD
settlement date (
56
Definition
A callable bond can be retired by the issuing agency
before the maturity date. The call date for such a
bond is printed in the bond contract.
The periodic payment made to the owner of the
bond as interest.
The annual interest rate printed on the bond.
Price of the security expressed in terms of dollars per
$100 of par value.
A bond that sells for an amount greater than the par
value.
A bond selling for less than the par value.
The date on which the issuing agency retires the
bond. This date can be the date of maturity or, for a
callable bond, the call date.
The amount paid to the owner of a bond when
retired. If the bond is redeemed at the maturity
date, the redemption value is the par value printed
on the bond. If the bond is redeemed at a call date,
the redemption value is the bond's par value plus
any call premium. The calculator treats the
redemption value in terms of dollars per $100 of par
value.
The rate of return earned from payments of
principal and interest, with interest compounded
semiannually at the stated yield rate. The yield to
maturity takes into account the amount of premium
or discount, if any, and the time value of the
investment.
), modified duration (DUR), or yield
PRI
), first enter the four known values for
AI
), coupon rate (
SDT
), redemption date (
CPN
), and
RDT
Bond Worksheet