• For more than one coupon period to redemption

 

 

 

 

 

 

 

 

 

CPN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RDV

N

0

 

 

 

A

 

CPN

PRC =

 

 

 

 

3

 

 

 

 

 

 

+

 

σ

 

 

YLD/100 ) (N–1+B/D)

 

YLD/100 ) (k–1+B/D)

D

 

(1+

(1+

 

0

 

 

 

 

 

k=1

 

 

 

 

 

 

 

 

 

 

 

 

0

 

 

 

 

0

 

 

 

 

 

 

 

A

CPN

,17 

 

σ

 

&67 35&+ ,17

 

 

D0

SAnnual Yield (YLD)

YLD is calculated using Newton’s Method.

Press (BOND) from the Financial 2 screen to display the following input screen for Bond calculation.

(E)(BOND)

d1 ..........

purchase date (month, date, year)

d2 ..........

redemption date (month, date, year)

RDV......

redemption price per $100 of face value

CPN......

coupon rate

PRC ......

price per $100 of face value

YLD ......

annual yield

After configuring the parameters, use one of the function menus noted below to perform the corresponding calculation.

{PRC} … {Calculate the bond’s price (PRC), accrued interest (INT), and cost of bond (CST)}

{YLD} … {Calculate the yield to maturity}

Calculation Result Output Examples

{PRC}

{PRC} − {GRPH}

{PRC} − {MEMO}

An error (Ma ERROR) occurs if parameters are not configured correctly.

Use the following function menu to maneuver between calculation result screens.

{REPT} … {parameter input screen}

{GRPH} … {draws graph}

{MEMO} … {displays numbers of days used in calculations}

7-15