Bonds; 30/360 Day Basis Bonds - HP 12C 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
fCLEARÎ
fCLEARG
g×
:2
2
z
P
:5
+
M
:3
:4
gÒ
d
File name: hp 12c pt_user's guide_English_HDPMF123E27
Printed Date: 2005/8/1
Section 16

Bonds

KEYSTROKES
DISPLAY
(ALG mode)
fs
000,
fCLEARÎ
001, 42 34
fCLEARG
002, 43 7
g×
003, 45 2
:2
004, 2
z
005, 10
2
006, 14
P
007, 45 5
+
008, 40
:5
009, 15
M
010, 45 3
:3
011, 45 4
:4
012, 43 26
gÒ
013, 33
d
217
Page: 217 of 275
Dimension: 14.8 cm x 21 cm
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