Annual-Coupon And Eurobonds - Monroe 3180 User Manual

ANNUAL-COUPON AND EUROBONDS

Most domestic bonds are issued to pay coupon interest semi-annually. However, most Eurobonds, pay
coupons on a annual basis.
EXAMPLE: Find yield to maturity for $25,000.00 annual-coupon bond with a 7.5% coupon currently
available at a 7% yield, maturing October 25, 1989.
ENTER
1
6.2487
The status line should be as follows for this example:
ENTER
7.5
10.2589
7
25
PRESS RESULTS DISPLAYED
COUPONS Coupons/Year 1
PER YEAR
SETTLEMENT Settlement Date Wed. 06-24-1987
DATE
C=0 PER 30/360 SEMI 06-24-87 MATURITY
PRESS RESULTS DISPLAYED
COUPON Coupon Rate 7.500%
MAT Maturity Date Wed.
DATE
END
TO Price 100.987 (M)
PRICE
EXT Prin 25,246.75 Int
DISPLAY Net Amount 26,491.54
EXT
DISPLAY Yield 7.000% (M)
TO
YIELD
MONROE TRADER II
10-25-1989
1,244.79
6.882% SEMI Equiv
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