HP 12C Financial 12C manual 30/360 Day Basis Bonds, 217

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
(RPN mode)				(ALG mode)
fs				fs
fCLEARÎ	000,			fCLEARÎ	000,
fCLEARG	001, 42		34	fCLEARG	001,	42	34
g×	002,	43	7	g×	002,	43	7
:2	003,	45	2	:2	003,	45	2
2	004,		2	z	004,		10
z	005,		10	2	005,		2
P	006,		14	P	006,		14
:5	007,	45	5	+	007,		40
+	008,		40	:5	008,	45	5
M	009,		15	M	009,		15
:3	010,	45	3	:3	010,	45	3
:4	011,	45	4	:4	011,	45	4
gÒ	012,	43	26	gÒ	012,	43	26
d	013,		33	d	013,		33

	217
File name: hp 12c pt_user's guide_English_HDPMF123E27	Page: 217 of 275
Printed Date: 2005/8/1	Dimension: 14.8 cm x 21 cm