HP 17BIIPLUS Owner's Manual page 111

maturity, the CALL value must equal 100. (See step 3.)
8. To calculate a result, first press
labels. Do either a or b:
a. Key in the yield and press
price.
b. Key in the price and press
yield.
To calculate the accrued interest, press
the seller is PRICE + ACCRU, that is:
v
Calculating Fractional Values. When given a fractional value that must
be entered in decimal form, do the arithmetic and then store the result
directly into a variable. Do not clear the arithmetic and then retype the
result before storing it―this is an unnecessary step that can cause
incorrect answers due to rounding. See how the following example
3
stores 8 / in YLD%.
8
Example: Price and Yield of a Bond. What price should you pay on
August 10, 2003 for a 6¾% U.S. Treasury bond that matures on May 1,
2018 if you wish a yield of 8
and the coupon payments are semi-annual. (The example assumes
MM.DDYYYY date format.)
Keys:
" y
@c
z ‚
ƒ
e
8.102003
{
5.012018
)
•
*
€
*
/
3
%? The calendar basis is actual/actual
8
Display:
"
"
1?1 FH0;1<<419"
"
FH::8"
(*?#(?$((% F4<"
"
to access the remaining menu
. Press * to calculate the
. Press • to calculate the
. The total amount owed
.
€
+ =
Description:
Since there is no call on
this bond, set CALL = 100
by clearing variables.
Sets bond type, if
necessary.
Stores settlement
(purchase) date.
Stores maturity date.
8: Bonds 111