Securities And Options; After-Tax Yield - HP 12c Platinum Reference Manual

Securities and Options

After-Tax Yield

The following HP 12C Platinum program calculates the after-tax yield to maturity of a
bond held for more than one year. The calculation assumes an actual/actual day basis. For
after-tax computations, the interest or coupon payments are considered income, while the
difference between the bond's face value and its purchase price is considered capital gains.
12c platinum / 12C
RPN KEYSTROKES
fs
fCLEARÎ
fCLEARG
?7
d
?6
:2
:1
-
:4
b
:2
~
-
Æ
2
z
?0
:3
:5
b
-
:0
z
P
:1
:0
z
$
:6
:7
DISPLAY
000,
42 34 fCLEARG
001,
7 ?7
002, 44
33 d
003,
6 ?6
004, 44
2 :2
005, 45
1 -
006, 45
30 :1
007,
4 -
008, 45
25 :4
009,
2 b
010, 45
34 +
011,
30 :1
012,
26 ³
013,
2 b
014,
10 ?0
015,
0 :3
016, 44
3 -
017, 45
5 :5
018, 45
25 b
019,
30 z
020,
0 :0
021, 45
10 P
022,
14 :1
023,
1 z
024, 45
0 :0
025, 45
10 $
026,
13 :6
027,
6 :7
028, 45
7 fS
029, 45
65
12c platinum
ALG KEYSTROKES
fs
fCLEARÎ
DISPLAY
000,
001, 42 34
002, 44 7
003, 33
004, 44 6
005, 45 2
006, 30
007, 45 1
008, 30
009, 45 4
010, 25
011, 40
012, 45 1
013, 36
014, 25
015, 44 0
016, 45 3
017, 30
018, 45 5
019, 25
020, 10
021, 45 0
022, 14
023, 45 1
024, 10
025, 45 0
026, 13
027, 45 6
028, 45 7
029, 42 22