HP 12c Platinum - Discounted Notes

Securities and Options 67
Discounted Notes
A note is a written agreement to pay a sum of money plus interest at a certain rate. Notes
do not have periodic coupons, since all interest is paid at maturity.
A discounted note is a note that is purchased below its face value. The following HP 12C
Platinum program finds the price and/or yield
*
of a discounted note.
12c platinum / 12C
RPN KEYSTROKES
DISPLAY
12c platinum
ALG KEYSTROKES
DISPLAY
fs fs
fCLEARÎ
000,
fCLEARÎ
000,
:1
001, 45 1
:1
001, 45 1
:2
002, 45 2
:2
002, 45 2
gÒ
003, 43 26
gÒ
003, 43 26
:3
004, 45 3
z
004, 10
z
005, 10
:3
005, 45 3
:5
006, 45 5
§
006, 20
b
007, 25
:5
007, 45 5
1
008, 1
³
008, 36
~
009, 34
:4
009, 45 4
-
010, 30
-
010, 30
:4
011, 45 4
~
011, 34
§
012, 20
b
012, 25
?5
013, 44 5
³
013, 36
t
014, 31
?5
014, 44 5
:1
015, 45 1
t
015, 31
:2
016, 45 2
:1
016, 45 1
gÒ
017, 43 26
:2
017, 45 2
:3
018, 45 3
gÒ
018, 43 26
~
019, 34
:5
019, 45 5
z
020, 10
:4
020, 45 4
:4
021, 45 4
à
021, 24
:5
022, 45 5
~
022, 34
z
023, 10
d
023, 33
1
024, 1
z
024, 10
-
025, 30
~
025, 34
§
026, 20
§
026, 20
Æ
027, 26
:3
027, 45 3
2
028, 2
³
028, 36
§
029, 20
g(000
029,43,33,000
g(000
030,43,33,000
fs
fs
*
The yield is a reflection of the return on an investment.