Table
Keys | Display | Description |
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|
|
S7:YG:G: | Inputs June 4, 2020 for the maturity date. | |
]° |
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|
|
|
|
S7jV]Î | 6.75 | Inputs 6.75% for the value for CPN%. |
| ||
|
|
|
J::]Ë | 100.00 | Inputs call value. Optional, as default is |
| 100. Note: if Call requires another value, | |
|
| key in the number followed by |
|
| ]Ë. |
|
|
|
Y7jV]Ô | 4.75 | Inputs 4.75% for Yield%. |
| ||
|
|
|
]Ñ | 115.89 | Calculates the price. |
| ||
|
|
|
1]Û | 2.69 | Displays the current value for accrued |
| interest. | |
|
|
|
4 | 118.58 | Returns the result for total price (value of |
| price + value of accrued interest). The |
net price you should pay for the bond is 118.58.
Example 2
A bond has a call provision at 104 and a coupon rate of 5.5%. If the bond matures on October 15, 2020 and is presently selling at 101, what is the
Table
KeysDisplay Description
]Oj | BOND CLR | Clears bond memory. |
| ||
| (message flashes, then |
|
| disappears) |
|
|
|
|
V7V]Î | 5.50 | Inputs coupon rate as an annual%. |
| ||
|
|
|
J:Y]Ë | 104.00 | Inputs call value. |
| ||
|
|
|
J:J]Ñ | 101.00 | Inputs price. |
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|
Bonds 107