15-10-1

Bond Calculation

15-10 Bond Calculation

Bond Calculation lets you calculate the purchase price or the annual yield of a bond.

Bond Calculation Fields

The following fields appear on the Bond Calculation page.

Field

Description

d1

Month (1-12); Day (1-31); Year (1902-2097)

d2

Month (1-12); Day (1-31); Year (1902-2097)

N

Number of periods

RDV

Redemption value

CPN

Annual coupon rate

PRC

Price of bond

YLD

Yield to maturity (as a percent)

INT

Interest accumulated during partial year portion of investment period

Cost

Cost of bond (price plus partial year interest)

Financial Application Default Setup for Examples

You can use the [Format] tab to change the following settings.

Days in Year: 360 days

Compounding Frequency: Semi-annual

Bond Interval: Date

20060301