HP 12c Platinum Reference Guide

66 Securities and Options
12c platinum / 12C
RPN KEYSTROKES
DISPLAY
12c platinum
ALG KEYSTROKES
DISPLAY
fS
030, 42 22
g(000
030,43,33,000
g(000
031,43,33,000
fs
fs
REGISTERS
n: Unused i: Yield PV: Used PMT: Used
FV: 0 R
0
: Used R
1
: Purchase price R
2
: Sales price
R
3
: Coupon rate R
4
: Capital rate R
5
: Income rate R
6
: Used
R
7
: Used R
8
-R
.5
: Unused
Program Instructions:
1. Key in the program.
2.
Key in the purchase price and press ?1.
3.
Key in the sales price and press ?2.
4.
Key in the annual coupon rate (as a percentage) and press ?3.
5.
Key in capital gains tax rate (as a percentage) and press ?4.
6.
Key in the income tax rate (as a percentage) and press ?5.
7.
Press gÕ.
8.
Key in the purchase date (MM.DDYYYY) and press \(³).
9.
Key in the assumed sell date (MM.DDYYYY) and press t to find the after-tax
yield (as a percentage).
10. For the same bond but different date return to step 8.
11. For a new case return to step 2.
Example: You can buy a 7% bond on October 1, 2003 for $70 and expect to sell it in 5
years for $90. What is your net (after-tax) yield over the 5-year period if interim coupon
payments are considered as income, and your tax bracket is 50%?
(One-half of the long term capital gain is taxable at 50%, so the tax on capital gains alone
is 25%)
12c platinum / 12C
RPN Keystrokes
12c platinum
ALG Keystrokes
Display Comments
70?1 70?1
70.00
Purchase price.
90?2 90?2
90.00
Selling price.
7?3 7?3
7.00
Annual coupon rate.
25?4 25?4
25.00
Capital gains tax rate.
50?5 50?5
50.00
Income tax rate.
gÕ gÕ
10.012003\ 10.012003³
10.01
Purchase Date.
10.012008t 10.012008t
8.53
% after tax yield.

HP 12c Platinum Specifications

General

Digits	10 digits
Battery type	CR2032
Type	Financial
Form factor	Pocket

Weight and Dimensions

Weight	110 g
Dimensions (WxDxH)	79 x 129 x 15 mm