To obtain bond price Price PV | Sharp EL-738 instruction

COUPON(PMT)=

000

Basic operations

Refer to page 19 for basic variable operations.

1. Press sto clear the display.

• Make sure the calculator is in NORMAL mode.

2. Select bond calculations by pressing #.

• To end bond calculations, press s.

•If you press sduring entry, any entered values will be cleared.

3.Change the day-count setting, if necessary, by pressing

.&.

4.Enter the coupon rate (%) into COUPON (PMT) by entering the value and pressing Q.

5.Enter the redemption value into REDEMPT (FV) by pressing i, entering the value, and pressing Q.

6.Enter the date of bond purchase into M-D-Y 1 (or D-M-Y 1) by pressing i, entering the date, and pressing Q.

•For date entry, refer to page 47, ”Entering dates”.

7.Enter the redemption date into M-D-Y 2 (or D-M-Y 2) by pressing i, entering the date, and pressing Q.

•For date entry, refer to page 47, ”Entering dates”.

8.Enter the number of coupon payments per year into CPN/Y

(N) by pressing i, entering the value, and pressing Q.

9.To ﬁnd bond price or yield to maturity, do the following:

To obtain bond price (PRICE (PV)):

Enter annual yield (%) into YIELD(I/Y) by pressing i, enter- ing the value, and pressing Q. Move to PRICE (PV) and calculate by pressing iand @. Display the accrued interest (ACCU INT) by pressing i. The accrued interest is calculated automatically.

To obtain yield to maturity (YIELD (I/Y)):

Move to PRICE (PV) and enter the bond price by pressing i i, entering the value, and pressing Q. Move to annual yield, YIELD (I/Y) and calculate by pressing z@. Display the accrued interest (ACCU INT) by pressing ii. The accrued interest is calculated automatically.

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Image 46

Sharp EL-738 operation manual To obtain bond price Price PV, To obtain yield to maturity Yield I/Y

Contents

EL-738 Page Contents Introduction Operational Notes Key Notations in This Manual Using the .andKeys Resetting the calculator Resetting the Calculator In Case of DifﬁcultyPreparing to Use the Calculator Calculator layout Calculator and Display LayoutKey operation keys Display layout 2ndF SET UP Menu Selecting the display notation and number of decimal places 000 33333330003 Selecting the angular unit see Operating Modes Selecting a modeOperations available in each mode Selecting the date format see 9000 14000343 Basic Calculations ⋅ ⋅ Delete key Cursor keys Editing and Correcting an EntryMemory clear key Playback function 500 ErrorsMemory use in each mode for memory calculations 192 Last answer memory ANS Temporary memories A-H, X-ZIndependent memory M TVM variables Memory calculations Statistical variablesExample Key operation General Information Financial calculations Variables used in ﬁnancial calculations Variables shared among calculations TVM variables N, I/Y, PV, PMT, FV Basic variable operationsListed ﬁnancial variables ENT and Comp symbols Category Display symbols Descriptions Cash ﬂow diagrams Compound interest TVM Time Value of Money Solver Setting the payment period payment dueVariable Corresponding Description Default Variable key Variables used in the TVM solver Basic examples for the TVM solver Calculating basic loan interest 5600000 120024000 44000 125586 4008000 Calculating basic loan payments FV= 360020000 Calculating future value 1000000 1002000 376889 Annuity due BGN Specifying payments dueOrdinary annuity END Ordinary annuity 360 180030000000 1624570 14500 240029950 299500 627995 3400150000 Calculating down payment and amount to borrow 550 3000090000 14655892 Amortization Calculations Variable Description Default valueVariables used in amortization 61656 8895148 600 104852203428 1700 48275524 3844574800 1724476 Single cash ﬂows Discounted Cash Flow AnalysisEntering cash ﬂow data Repeated cash ﬂows 300 000*2200 Conﬁrming and editing data Deleting data 2500000Editing data Inserting data Variables used in discounted cash ﬂow analysis 3000000600000 NPV and IRR To obtain NPV Procedure Key operation Display Bring up the initial disPlay in Normal mode To obtain IRR 2314 Calculating the present value of variable cash ﬂows 662752 Bond Calculations Setting the day-count methodVariables used in bond calculations To obtain bond price Price PV To obtain yield to maturity Yield I/Y 15-2023 65010000 720 728 9250Entering dates Variables used in depreciation calculations Setting the depreciation methodDepreciation Calculations Key operation DescriptionPage 5000000 3000Calculating straight-line depreciation To change APR to EFF 1956Conversion between APR and EFF To change EFF to APR Day and Date Calculations Variables used in day and date calculations Calculating number of days 10-200922800 Answer 228 days Percent Change/Compound Interest Cal- culations Procedure Key operation Display Move to the last dateCalculate 5467 750000011600000 800000 Cost/Sell/Margin/Markup Calculations 980000113 Variables used in cost/sell/margin/markup calcula- tions 88842 455609500 Determining selling price Variables used in breakeven calculations Breakeven CalculationsCalculating the breakeven point 12000 15000007580 33937 Constant Calculations Chain Calculations 5000 087071 4500 Random dice Random FunctionsRandom numbers Random coin Modify Function 532Random integer For a two-variable data set x value y value J Entering statistical dataFor a single-variable data set Key operation Sub-mode Display Entering statistical data 1000 2000 Linear regression calculations Statistical Calculations and VariablesSingle-variable statistical calculations Quadratic regression calculation Variables Content 17857 53000Single-variable statistical calculation Linear regression calculation Quadratic regression calculation Amortization calculations Financial Calculation FormulasTVM solver Discounted cash ﬂow analysis Bond calculations Conversion between APR and EFF Depreciation calculationsDay and date calculations Cost/Sell/Margin/Markup calculations Statistical Calcula- tion FormulasBreakeven calculations Syntax error Error Errors and Calculation RangesError codes and error types Calculation error Error Display error Error Equation too long ErrorNo solution Error Input value error Error Calculation ranges of functions Function Calculation range Integer Battery Replacement When to replace the battery Automatic power-off function Replacement procedurePriority Levels in Calculations For more information about business/ ﬁnancial calculators SpeciﬁcationsKey operation and calculation priority Index Formulas, 72-75 FV, 18, 22, 72 GRAD, 8, 9, 61 Memo