Discounted Notes - HP 17bll+ User Manual

Second, calculate the yield to call:
Keys:
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1.012006
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110 
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Discounted Notes

A note is a written agreement to pay to the buyer of the note a sum of
money plus interest. Notes do not have periodic coupons, since all
interest is paid at maturity. A discounted note is a note that is purchased
below its face value. The following equations find the price or yield of a
discounted note. The calendar basis is actual/360.
Solver Equations for Discounted Notes: To find the price given the
discount rate:

To find the yield given the price (or to find the price given the yield):

PRICE = the purchase price per $100 face value.
YIELD = the yield as an annual percentage.
RV = the redemption value per $100.
DISC = the discount rate as a percent.
SETT = the settlement date (in current date format).
MAT = the maturity date (in current date format).
216 14: Additional Examples
Display:
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Description:
Returns to first BOND
menu.
Changes maturity date
to the call date.
Stores call value.
Calculates a yield to
call.