Discounted Notes - HP 12c Platinum Reference Manual

Discounted Notes

A note is a written agreement to pay a sum of money plus interest at a certain rate. Notes
do not have periodic coupons, since all interest is paid at maturity.
A discounted note is a note that is purchased below its face value. The following HP 12C
Platinum program finds the price and/or yield
12c platinum / 12C
RPN KEYSTROKES
fs
fCLEARÎ
:1
:2
gÒ
:3
z
:5
b
1
~
-
:4
§
?5
t
:1
:2
gÒ
:3
~
z
:4
:5
z
1
-
§
Æ
2
§
g(000
fs
*
The yield is a reflection of the return on an investment.
DISPLAY
000,
1 :1
001, 45
2 :2
002, 45
43 26 gÒ
003,
3 z
004, 45
10 :3
005,
5 §
006, 45
25 :5
007,
1 ³
008,
34 :4
009,
30 -
010,
4 ~
011, 45
20 b
012,
5 ³
013, 44
31 ?5
014,
1 t
015, 45
2 :1
016, 45
43 26 :2
017,
3 gÒ
018, 45
34 :5
019,
10 :4
020,
4 à
021, 45
5 ~
022, 45
10 d
023,
1 z
024,
30 ~
025,
20 §
026,
26 :3
027,
2 ³
028,
20 g(000
029,
030,43,33,000 fs
Securities and Options
*
of a discounted note.
12c platinum
ALG KEYSTROKES
fs
fCLEARÎ
67
DISPLAY
000,
001, 45 1
002, 45 2
003, 43 26
004, 10
005, 45 3
006, 20
007, 45 5
008, 36
009, 45 4
010, 30
011, 34
012, 25
013, 36
014, 44 5
015, 31
016, 45 1
017, 45 2
018, 43 26
019, 45 5
020, 45 4
021, 24
022, 34
023, 33
024, 10
025, 34
026, 20
027, 45 3
028, 36
029,43,33,000