Bond Calculations - Casio fx-9750GII User Manual

An error (Ma ERROR) occurs if parameters are not configured correctly.
Use the following function menu to maneuver between calculation result screens.
• {REPT} ... {parameter input screen}
• {TABL} ... {displays table}
• {GRPH} ... {draws graph}

10. Bond Calculations

Bond calculation lets you calculate the purchase price or the annual yield of a bond.
Before starting bond calculations, use the Setup screen to configure "Date Mode" and
"Periods/YR." settings (page 7-1).
Formula
PRC
: price per $100 of face value
CPN
: annual coupon rate (%)
YLD
: yield to maturity (%)
A
: accrued days
: number of coupon payments per year (1=annual, 2=semi annual)
N
: number of coupon payments between settlement date and maturity date
RDB
: redemption price or call price per $100 of face value
D
: number of days in coupon period where settlement occurs
B
: number of days from settlement date until next coupon payment date = D − A
: accrued interest
: price including interest
Price per $100 of face value (PRC)
• For one or fewer coupon period to redemption
D
A
Issue date
Purchase date (d1)
RDV + RDV +
– –
PRC = PRC =
B B
1+ ( 1+ (
D D
B
Redemption date (d2)
Coupon Payment dates
CPN CPN
M M
A A
+ ( + (
D D
YLD/100 YLD/100
× ×
) )
M M
7-14
CPN CPN
× ×
) )
M M