The Bond Menu - HP 30b - Business Professional Calculator User Manual

The Bond Menu

Before you enter the Bond menu, be sure to verify the date format is set appropriately for your
problem. The default setting is mm.ddyyyy, but it can be set for dd.mmyyyy. The range of
acceptable dates is October 15, 1582 to December 31, 9999. Bond day counts (360/365)
and annual or semiannual coupon payment schedules may be set from either the Mode menu
or the Bond menu. For more information on setting the preferences in the Mode Menu, see
the section titled, The Mode menu: Setting Preferences in Chapter 1.
To open the Bond menu, press
< >
Press or
To change the value of the displayed item, key in a number or a date and press
Once you have entered all known data, Press
unknown item, and press
Table 6- 1 lists the items in the Bond menu.
Table 6-1 Bond Menu Items
Variable
Settlement Date
Maturity Date
CPN%
Call
Yield%
Price
Accrued
Mod. Duration*
Macaulay D.*
Actual/Cal.360
Annual/Semiannual
*Does not apply to the HP 20b.
48 Bonds
B
.
repeatedly to scroll through the items shown in Figure 1.
=
to calculate it.
Description
Settlement date. Displays the current settlement date. Note: input only.
Maturity date or call date. The call date must coincide with a coupon date. Displays the current
maturity. Note: input only.
Coupon rate stored as an annual %. Note: input only.
Call value. Default is set for a call price per 100.00 face value. A bond at maturity has a call
value of 100% of its face value. Note: input only.
Yield% to maturity or yield% to call date for given price. Note: input/output.
Price per 100.00 face value for a given yield. Note: input/output.
Interest accrued from the last coupon or payment date until the settlement date for a given yield.
Note: this item is Read-only.
Modified duration for the bond. This is a measure of bond price sensitivity to yield changes.
Macaulay Duration for the bond. This is a measure of bond price sensitivity to yield changes.
Actual (365-day calendar) or Cal.360 (30-day month/360-day year calendar). Press
I
to toggle between these options.
Bond coupon (payment) frequency. Press
< >
or repeatedly to scroll to an
I
to toggle between these options.
I
.