Casio FX-CG20 AU - Annual Yield (YLD)

7-18
PRC : price per $100 of face value
CPN : coupon rate (%)
YLD : annual yield (%)
A : accrued days
M : number of coupon payments per year (1=annual, 2=semi annual)
N : number of coupon payments between settlement date and maturity date
RDV : redemption price or call price per $100 of face value
D : number of days in coupon period where settlement occurs
B : number of days from settlement date until next coupon payment date = D − A
INT : accrued interest
CST : price including interest
• For one or fewer coupon period to redemption
• For more than one coupon period to redemption
u Annual Yield (YLD)
YLD is calculated using Newton’s Method.
Press 4(BOND) from the Financial 2 screen to display the following input screen for Bond
calculation.
6( g) 4(BOND)
PRC = + (– )
RDV +
M
CPN
1+ ( × )
D
B
M
YLD/100
×
D
A
M
CPN
PRC = + (– )
RDV +
M
CPN
1+ ( × )
D
B
M
YLD/100
×
D
A
M
CPN
×
D
A
M
CPN
INT = – CST = PRC + INT
+
×
D
A
M
CP
N
PRC = – –
RDV
(1+ )
M
YLD/100
(1+ )
M
YLD/100
M
CPN
Σ
N
k=1
(N–1+B/D ) (k–1+B/D )
×
D
A
M
CPN
INT = – CST = PRC + INT
+
×
D
A
M
CP
N
PRC = – –
RDV
(1+ )
M
YLD/100
(1+ )
M
YLD/100
M
CPN
Σ
N
k=1
(N–1+B/D ) (k–1+B/D )