Bonds - HP 10bII+ User Manual

Bonds

Bond calculations, primarily calculating bond price and yield, are performed by two keys,
]Ñ ]Ô
and
only calculates a result. The other keys used in bond calculations only permit you to input the
data required for the calculations.
What price should you pay on April 28, 2010 for a 6.75% U.S. Treasury bond maturing on
June 4, 2020, if you want a yield of 4.75%? Assume the bond is calculated on a semiannual
coupon payment on an actual/actual basis.
If SEMI is not displayed, press
If D.MY is displayed, press
14 At a Glance...
. These keys permit you to input data or return results. Pressing
Table 1-26 Bond calculation keys
Keys Description
]Oj Clears bond memory.
]Û
Calculates accrued interest only.
]Ô
Yield% to maturity or yield% to call date for
given price.
]Ñ Price per 100.00 face value for a given yield.
]Î Coupon rate stored as an annual %.
]Ë
Call value. Default is set for a call price per
100.00 face value. A bond at maturity has a
call value of 100% of its face value.
]È Date format. Toggle between day-month-year
(dd.mmyyyy) or month-day-year (mm.ddyyyy).
]Å
Day count calendar. Toggle between Actual
(365-day calendar) or 360 (30-day month/
360-day year calendar).
]Â
Bond coupon (payment). Toggle between
semiannual and annual payment schedules.
]¾ Settlement date. Displays the current settlement
date.
]°
Maturity date or call date. The call date must
coincide with a coupon date. Displays the
current maturity.
]Â
]È
to select the semiannual coupon payment.
to select M.DY format.
Û
]