Bonds; Section 16: Bonds; 30/360 Day Basis Bonds - HP 12c User Manual

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
fs
fCLEARÎ
fCLEARG
g×
:2
2
z
P
?6
:5
+
M
:3
:4
gÒ
File name: hp 12c_user's guide_English_HDPMBF12E44
Printered Date: 2005/7/29
Section 16

Bonds

DISPLAY KEYSTROKES
:6
§
00-
01- 42 34 :0
gm
02- 43 7
03- 45 2
gi39
04- 2
2
z
05- 10
¼
06- 14
$
07- 44 6
08- 45 5 Þ
09- 40 ~
-
10- 15
gF
11- 45 3
~
12- 45 4
13- 43 26 gi00
163
Page: 163 of 209
Dimension: 14.8 cm x 21 cm
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