Bonds Bonds; 30/360 Day Basis Bonds - HP 0012C-90001 User Manual

30/360 Day Basis Bonds

30/360 Day Basis Bonds 30/360 Day Basis 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 KEYSTROKES KEYSTROKES KEYSTROKES
fs
fCLEARÎ
00-
fCLEARG
01-
g×
02-
:2
03-
2
04-
z
05-
P
06-
?6
07-
:5
08-
+
09-
M
10-
:3
11-
:4
12-
gÒ
13-
Section 16
Bonds Bonds
Bonds Bonds
DISPLAY DISPLAY DISPLAY DISPLAY KEYSTROKE KEYSTROKES S S S KEYSTROKE KEYSTROKE
:6
:0
42 34
gm
43 7
g(39
45 2
2
2
z
10
¼
14
$
44 6
Þ
45 5
~
40
-
15
gF
45 3
~
45 4
g(00
43 26
163 163 163 163
DISPLAY DISPLAY DISPLAY DISPLAY
24- 45 6
25- 20
26- 45 0
27- 43 35
28-43, 33 39
29- 2
30- 10
31- 12
32- 13
33- 16
34- 34
35- 30
36- 43 36
37- 34
38-43, 33 00