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Table 10-2 Bond calculation example
Keys
S7:YG:G:
]°
S7jV]Î
J::]Ë
Y7jV]Ô
]Ñ
1]Û
4
Example 2
A bond has a call provision at 104 and a coupon rate of 5.5%. If the bond matures on
October 15, 2020 and is presently selling at 101, what is the yield-to-call on April 15, 2012?
Assume the bond is calculated on a semiannual coupon payment on an actual/actual basis.
Table 10-3
Keys
]Oj
V7V]Î
J:Y]Ë
J:J]Ñ
Display
Description
6-4-2020 4
Inputs June 4, 2020 for the maturity date.
6.75
Inputs 6.75% for the value for CPN%.
100.00
Inputs call value. Optional, as default is
100. Note: if Call requires another value,
key in the number followed by
]Ë
4.75
Inputs 4.75% for Yield%.
1 15.89
Calculates the price.
2.69
Displays the current value for accrued
interest.
1 18.58
Returns the result for total price (value of
price + value of accrued interest). The
net price you should pay for the bond is
1 18.58.
Display
Description
BOND CLR
Clears bond memory.
(message flashes, then
disappears)
5.50
Inputs coupon rate as an annual%.
104.00
Inputs call value.
101.00
Inputs price.
.
Bonds 107
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