Table of Contents
Advertisement
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:
@c
e
8.102003
5.012018
File name : English-M02-1-040308(Print).doc
3
/
%? The calendar basis is actual/actual
8
Display:
Print data : 2004/3/9
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
Hide quick links:
Advertisement
Table of Contents
