Bonds; 30/360 Day Basis Bonds; Section 16: Bonds - HP 12C Platinum User Manual

30/360 Day Basis Bonds

A bond is a contract to pay interest, usually semiannually, at a given rate (coupon)
and to pay the principal of the bond at some specified future date. A bond which
is calculated on a 30/360 day basis is one in which the day count basis is
computed using 30 days in a month and 360 days in a year.
The following program solves for the price given the yield or for the yield given the
price of a semiannual coupon bond which is calculated on a 30/360 day basis
and is held for more than six months.
KEYSTROKES
(RPN mode)
fs
000,
fCLEARÎ
001,
fCLEARG
002,
g×
003,
:2
004,
2
005,
z
006,
P
007,
:5
008,
+
009,
M
010,
:3
011,
:4
012,
gÒ
013,
d
Section 16

Bonds

KEYSTROKES
DISPLAY
(ALG mode)
fs
fCLEARÎ
42 34
fCLEARG
43 7
g×
45 2
:2
2
z
10
2
14
P
45 5
+
40
:5
15
M
45 3
:3
45 4
:4
43 26
gÒ
33
d
221
DISPLAY
000,
001, 42 34
002, 43 7
003, 45 2
004, 10
005, 2
006, 14
007, 40
008, 45 5
009, 15
010, 45 3
011, 45 4
012, 43 26
013, 33