HP 12C Financial 0012C-90001, 12C Financial 12C#ABA, 12C Financial F2231AA#ABA Bonds, 30/360 Day Basis Bonds, 28-43,33, 38-43,33

Section 16

Bonds

30/360 Day Basis Bonds

A bond is a contract to pay interest, usually semiannually, at a given rate (coupon) and to pay the principal of the bond at some specified future date. A bond which is calculated on a 30/360 day basis is one in which the day count basis is computed using 30 days in a month and 360 days in a year.

The following program solves for the price given the yield or for the yield given the price of a semiannual coupon bond which is calculated on a 30/360 day basis and is held for more than six months.

	KEYSTROKES		DISPLAY			KEYSTROKES		DISPLAY
	fs					:6	24-	45	6
	fCLEARÎ	00-				§	25-		20
	fCLEARG	01-	42	34		:0	26-	45	0
	g×	02-	43	7		gm	27-	43	35
	:2	03-	45	2		gi39	28-43, 33		39
	2	04-		2		2	29-		2
	z	05-		10		z	30-		10
	P	06-		14		¼	31-		12
	?6	07-	44	6		$	32-		13
	:5	08-	45	5		Þ	33-		16
	+	09-		40		~	34-		34
	M	10-		15		-	35-		30
	:3	11-	45	3		gF	36-	43	36
	:4	12-	45	4		~	37-		34
	gÒ	13-	43	26		gi00	38-43, 33		00
					163
File name: hp 12c_user's guide_English_HDPMBF12E44					Page: 163 of 209
Printered Date: 2005/7/29					Dimension: 14.8 cm x 21 cm