HP 12C Financial 12C REGISTERS, 224 Section 16: Bonds

224 Section 16: Bonds

REGISTERS

n: Used	i: Yield	PV: Used	PMT: Cpn. or 0
FV: Used	R0: # Periods (n)	R1: Yield	R2: Coupon
R3: Redemption	R4: Settlement	R5: Next Cpn.	R6: Last Coupon
R7: Used	R8–R.5: Unused

For annual coupon bonds calculated on a 30/360 day basis, insert d after gÒ at steps 19 and 23 in the RPN mode program and after gÒ at steps 20 and 24 in the ALG mode (making each program two steps longer).

1.Key in the program and press ?É if the C status indicator is not displayed.

2.Key in the total number of coupons which are received and press ?0.

3.Key in the annual yield as a percentage then press ?1.

4.Key in the amount of the annual coupon then press ?2.*

5.Key in the redemption value then press ?3.*

6.Key in the settlement (purchase) date† then press ?4.

7.Key in the date of the next coupon then press ?5.

8.Press tto obtain the amount of accrued interest.

9.Press tto determine the price of the bond.

10.For a new case, return to step 2.

Example: What is the price and accrued interest of a 20-year Eurobond with annual coupons of 6.5% purchased on August 15, 2004 to yield 7%. The next coupon is received on December 1, 2004.

Keystrokes	Keystrokes	Display
(RPN mode)	(ALG mode)
f]	f[
?Æ	?Æ		Set compound interest
			mode if the C indicator is
			not on.
20?0	20?0	20.00	Total number of coupons.
7?1	7?1	7.00	Annual yield.
6.5?2	6.5?2	6.50	Annual coupon rate.

*Positive for cash received; negative for cash paid out.

†For information about date format see page 37.

File name: hp 12c pt_user's guide_English_HDPMF123E27	Page: 224 of 275
Printed Date: 2005/8/1	Dimension: 14.8 cm x 21 cm