The following example assumes that you have entered the NOTE equations into the Solver. For instructions on entering Solver equations, see “Solving Your Own Equations,” on page 30.

Example:Price and Yield of a Discounted Note. What are the price and yield of the following U.S. Treasury Bill: settlement date October 14, 2003; maturity date March 17, 2004; discount rate 8.7%? (Assume month/day/year format.)

Select the NOTE:PRICE equation in the Solver.

Keys:Display:Description:

E

 

"

Creates menu.

10.142003

"

Stores known values.

{FH::8#(&#+"

3.172004 "

01:8%&#-"

8.7A;F7" A;F78*&-("

100 2O" 2O8#((&(("

*

 

 

 

52;7H8,'&$."

Calculates price.

 

 

 

Displays NOTE:YIELD

e]

E

<E:HI@;H9A8"

 

 

 

 

 

L2O/52;7HT>"

equation, then its menu.

 

 

 

 

 

@;H9A8,&(+"

Calculates yield.

 

@;H9A"

 

 

Statistics

Moving Average

Moving averages are often useful in predicting trends in data taken over a period of time. In moving-average calculations, a specified number of points is averaged. Each time a new point is acquired, the oldest point is discarded. Thus, the same number of points is used in each calculation.

14: Additional Examples 217

File name : 17BII-Plus-Manual-E-PRINT-030709

Print data : 2003/7/11