Table 10-2 Bond calculation example
A bond has a call provision at 104 and a coupon rate of 5.5%. If the bond matures on
October 15, 2020 and is presently selling at 101, what is the yield-to-call on April 15, 2012?
Assume the bond is calculated on a semiannual coupon payment on an actual/actual basis.
Inputs June 4, 2020 for the maturity date.
Inputs 6.75% for the value for CPN%.
Inputs call value. Optional, as default is
100. Note: if Call requires another value,
key in the number followed by
Inputs 4.75% for Yield%.
Calculates the price.
Displays the current value for accrued
Returns the result for total price (value of
price + value of accrued interest). The
net price you should pay for the bond is
Clears bond memory.
(message flashes, then
Inputs coupon rate as an annual%.
Inputs call value.