Sharp EL-738 operation manual To obtain bond price Price PV, To obtain yield to maturity Yield I/Y

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COUPON(PMT)=

000

Basic operations

Refer to page 19 for basic variable operations.

1. Press sto clear the display.

• Make sure the calculator is in NORMAL mode.

2. Select bond calculations by pressing #.

• To end bond calculations, press s.

•If you press sduring entry, any entered values will be cleared.

3.Change the day-count setting, if necessary, by pressing

.&.

4.Enter the coupon rate (%) into COUPON (PMT) by entering the value and pressing Q.

5.Enter the redemption value into REDEMPT (FV) by pressing i, entering the value, and pressing Q.

6.Enter the date of bond purchase into M-D-Y 1 (or D-M-Y 1) by pressing i, entering the date, and pressing Q.

•For date entry, refer to page 47, ”Entering dates”.

7.Enter the redemption date into M-D-Y 2 (or D-M-Y 2) by pressing i, entering the date, and pressing Q.

•For date entry, refer to page 47, ”Entering dates”.

8.Enter the number of coupon payments per year into CPN/Y

(N) by pressing i, entering the value, and pressing Q.

9.To ﬁnd bond price or yield to maturity, do the following:

To obtain bond price (PRICE (PV)):

Enter annual yield (%) into YIELD(I/Y) by pressing i, enter- ing the value, and pressing Q. Move to PRICE (PV) and calculate by pressing iand @. Display the accrued interest (ACCU INT) by pressing i. The accrued interest is calculated automatically.

To obtain yield to maturity (YIELD (I/Y)):

Move to PRICE (PV) and enter the bond price by pressing i i, entering the value, and pressing Q. Move to annual yield, YIELD (I/Y) and calculate by pressing z@. Display the accrued interest (ACCU INT) by pressing ii. The accrued interest is calculated automatically.

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Contents EL-738 Page Contents Introduction Operational NotesKey Notations in This Manual Using the .andKeys Resetting the calculator Resetting the Calculator In Case of DifﬁcultyPreparing to Use the Calculator Calculator layout Calculator and Display LayoutKey operation keys Display layout 2ndFSET UP Menu Selecting the display notation and number of decimal places000 33333330003 Selecting the angular unit seeOperating Modes Selecting a modeOperations available in each mode Selecting the date format see9000 14000343 Basic Calculations⋅ ⋅ Delete keyCursor keys Editing and Correcting an EntryMemory clear key Playback function500 ErrorsMemory use in each mode for memory calculations 192Last answer memory ANS Temporary memories A-H, X-ZIndependent memory M TVM variablesMemory calculations Statistical variablesExample Key operation General Information Financial calculationsVariables used in ﬁnancial calculations Variables shared among calculationsTVM variables N, I/Y, PV, PMT, FV Basic variable operationsListed ﬁnancial variables ENT and Comp symbols Category Display symbols DescriptionsCash ﬂow diagrams Compound interestTVM Time Value of Money Solver Setting the payment period payment dueVariable Corresponding Description Default Variable key Variables used in the TVM solverBasic examples for the TVM solver Calculating basic loan interest5600000 120024000 44000125586 4008000 Calculating basic loan paymentsFV= 360020000 Calculating future value1000000 1002000 376889Annuity due BGN Specifying payments dueOrdinary annuity END Ordinary annuity360 180030000000 162457014500 240029950 299500627995 3400150000 Calculating down payment and amount to borrow550 3000090000 14655892Amortization Calculations Variable Description Default valueVariables used in amortization 61656 8895148600 104852203428 170048275524 3844574800 1724476Single cash ﬂows Discounted Cash Flow AnalysisEntering cash ﬂow data Repeated cash ﬂows300 000*2200 Conﬁrming and editing dataDeleting data 2500000Editing data Inserting dataVariables used in discounted cash ﬂow analysis 3000000600000 NPV and IRRTo obtain NPV Procedure Key operation Display Bring up the initial disPlay in Normal mode To obtain IRR2314 Calculating the present value of variable cash ﬂows662752 Bond Calculations Setting the day-count methodVariables used in bond calculations To obtain bond price Price PV To obtain yield to maturity Yield I/Y15-2023 65010000 720728 9250Entering dates Variables used in depreciation calculations Setting the depreciation methodDepreciation Calculations Key operation DescriptionPage 5000000 3000Calculating straight-line depreciation To change APR to EFF 1956Conversion between APR and EFF To change EFF to APRDay and Date Calculations Variables used in day and date calculationsCalculating number of days 10-200922800 Answer 228 daysPercent Change/Compound Interest Cal- culations Procedure Key operation Display Move to the last dateCalculate 5467 750000011600000 800000Cost/Sell/Margin/Markup Calculations 980000113 Variables used in cost/sell/margin/markup calcula- tions88842 455609500 Determining selling priceVariables used in breakeven calculations Breakeven CalculationsCalculating the breakeven point 12000 15000007580 33937Constant Calculations Chain Calculations5000 087071 4500Random dice Random FunctionsRandom numbers Random coinModify Function 532Random integer For a two-variable data set x value y value J Entering statistical dataFor a single-variable data set Key operation Sub-mode DisplayEntering statistical data 1000 2000 Linear regression calculations Statistical Calculations and VariablesSingle-variable statistical calculations Quadratic regression calculationVariables Content 17857 53000Single-variable statistical calculation Linear regression calculation Quadratic regression calculation Amortization calculations Financial Calculation FormulasTVM solver Discounted cash ﬂow analysisBond calculations Conversion between APR and EFF Depreciation calculationsDay and date calculations Cost/Sell/Margin/Markup calculations Statistical Calcula- tion FormulasBreakeven calculations Syntax error Error Errors and Calculation RangesError codes and error types Calculation error ErrorDisplay error Error Equation too long ErrorNo solution Error Input value error ErrorCalculation ranges of functions Function Calculation rangeInteger Battery Replacement When to replace the batteryAutomatic power-off function Replacement procedurePriority Levels in Calculations For more information about business/ ﬁnancial calculators SpeciﬁcationsKey operation and calculation priority Index Formulas, 72-75 FV, 18, 22, 72 GRAD, 8, 9, 61 Memo