Casio fx-CG20 YLD/100, uAnnual Yield (YLD), PRC, CPN, YLD, RDV, INT, CST, CPN, CPN, D M, CPN, CPN, D M, CPN, RDV +, PRC = –, INT = –, CST = PRC + INT

PRC : price per $100 of face value

CPN : coupon rate (%)

YLD : annual yield (%)

A: accrued days

M: number of coupon payments per year (1=annual, 2=semi annual)

N: number of coupon payments between settlement date and maturity date

RDV : redemption price or call price per $100 of face value

D: number of days in coupon period where settlement occurs

B: number of days from settlement date until next coupon payment date = D − A

INT : accrued interest

CST : price including interest

• For one or fewer coupon period to redemption

CPN

	RDV +
					M			A	⋅	CPN
PRC = –							+ (				)
1+ (		B	⋅	YLD/100		)		D M

DM

•For more than one coupon period to redemption

CPN

RDV

N

M

A

CPN

PRC = –

– Σ

+

⋅

(1+

YLD/100 )

(N–1+B/D)

(1+

k=1

YLD/100 ) (k–1+B/D)

D M

M

M

INT = –

A

⋅

CPN

CST = PRC + INT

M

D

uAnnual Yield (YLD)

YLD is calculated using Newton’s Method.

Press 4(BOND) from the Financial 2 screen to display the following input screen for Bond calculation.

6(g)4(BOND)

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