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u
PRC
when "Date" is specified for "Bond Interval"
For one or fewer coupon period to redemption:
= −
× (
1 + (
For more than one coupon period to redemption:
= −
(1 + (
×
=
u
PRC
when "Term" is specified for "Bond Interval"
= −
(1 + (
u
YLD
The Financial application performs annual yield (
approximate values whose precision can be affected by various calculation conditions. Because of this, annual
yield calculation results produced by this application should be used keeping the above in mind, or results
should be confirmed separately.
Break-Even Point
u Profit (Profit Amount/Ratio Setting: Amount (PRF))
+
=
–
u Profit Ratio (Profit Amount/Ratio Setting: Ratio (
=
×
1–
100
Margin of Safety
–
=
Operating Leverage
–
=
–
–
Quantity Conversion
×
=
+
+
100)
)
(
Σ
–
( –1+
)
100)
)
=1
(1 + (
×
=
(
Σ
–
100)
)
=1
(1 + (
%
–
×
=
×
( –1+
100)
)
)
100)
)
) calculations using Newton's Method, which produces
+
×
=
–
r
%))
=
%
×
1–
100
Financial Leverage
=
Combined Leverage
=
)
×
+
)
=
= 0
×
–
–
–
–
–
–
Chapter 11 Financial Application
186
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