Securities
After-Tax Yield
The following HP-12C program calculate the after tax yield to maturity of a bond held for more than one year. The calculations assumes an actual/ actual day basis. For after-tax computations, the interest or coupon payments are considered income, while the difference between the bond or note face value and its purchase price is considered capital gains.
KEYSTROKES | | DISPLAY |
| | | |
CLEAR | 00- | | |
CLEAR | 01- | 42 | 34 |
7 | 02- | 44 | 7 |
| 03- | | 33 |
| | | |
6 | 04- | 44 | 6 |
2 | 05- | 45 | 2 |
1 | 06- | 45 | 1 |
| 07- | | 30 |
| | | |
4 | 08- | 45 | 4 |
| 09- | | 25 |
| | | |
2 | 10- | 45 | 2 |
| 11- | | 34 |
| | | |
| 12- | | 30 |
| | | |
| 13- | | 26 |
| | | |
2 | 14- | | 2 |
| 15- | | 10 |
| | | |
0 | 16- | 44 | 0 |
3 | 17- | 45 | 3 |
5 | 18- | 45 | 5 |
