01:8(.?(#?$(#* :4H"
6.75 | } | Stores annual coupon | ||||||
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v3 /8 +8 | " | (displayed rounded to two | ||||||
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| 52;7H8*'&%*" | Result: price is $86.38 | |||
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| *'&%*)#&*." | Adds accrued interest | ||||||
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v= | **&$%" | Net price. | ||||||
Suppose that the market quote for the bond is 88¼. What yield does it represent?
88.25 | * |
| 52;7H8**&$." | Stores quoted price. | |
| @9A68*&#%" | Result: yield to maturity. | |||
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Example: A Bond with a Call Feature. What is the price of a 6% corporate bond maturing on March 3, 2022 and purchased on May 2, 2003 to yield 5.7%? It is callable on March 3, 2006 (a coupon date), at a value of 102.75. What is the yield to the call date? Use a 30/360 calendar with
Keys: | Display: | Description: | ||
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| Displays BOND menu, | ||
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@c |
| clears variables. | ||
| Sets bond type, if | |||
z |
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| %(?%'( FH0;1<<419" | necessary. | ||
ƒ | e | |||
*To see the full precision of the number, press @S.
112 8: Bonds
File name : | Print data : 2003/7/11 |