Bond Yield; Depreciation Calculations - HP 12C Platinum Owner's Handbook Manual

68 Section 4: Additional Financial Functions

Bond Yield

1. Enter the quoted price (as a percent of par), using $.
2. Enter the annual coupon rate (as a percentage), using P.
3. Key in the settlement (purchase) date, then press \.
4. Key in the maturity (redemption) date.
5. Press fS.
The yield to maturity is shown in the display and also is stored in the i register.
Remember that the S function may take a significant amount of
Note:
time to produce an answer, during which the calculator displays running.
Example: The market is quoting 88
example. What yield will that provide?
Keystrokes (RPN mode)
3\8z
88+$
6.75P
4.282003\
6.042017
fS

Depreciation Calculations

The HP 12C Platinum enables you to calculate depreciation and the remaining
depreciable value (book value minus salvage value) using the straight-line,
sum-of-the-years-digits, and declining-balance methods. To do so with any of
these methods:
1. Enter the original cost of the asset, using $.
2. Enter the salvage value of the asset, using M. If the salvage value is zero,
press 0M.
3. Enter the expected useful life of the asset (in years), using n.
4. If the declining-balance method is being used, enter the declining-balance
factor (as a percentage), using ¼. For example, 1¼ times the straight-line
rate – 125 percent declining-balance – would be entered as 125¼.
5. Key in the number of the year for which depreciation is to be calculated.
/
3
% for the bond described in the preceding
8
Display
Calculates
0.38
Enters quoted price.
88.38
Enters coupon rate.
6.75
Enters settlement (purchase) date.
4.28
Enters maturity (redemption) date.
6.042017
Bond yield
8.15
3 /
.
8