HP 12c Platinum - Page 68

68 Securities and Options
REGISTERS
n: Unused i: Unused PV: Unused PMT: Unused
FV: Unused R
0
: Unused R
1
: Settl. date R
2
: Mat. Date
R
3
: 360 or 360 R
4
: redemp. Value R
5
: dis./price R
6
-R
.5
: Unused
Program Instructions:
1. Key in the program.
2.
Press gÕ.
3.
Key in the settlement date (MM.DDYYYY) and press ?1.
4.
Key in the maturity date (MM.DDYYYY) and press ?2.
5.
Key in the number of days in a year (360 or 365) and press ?3.
6.
Key in the redemption value per $100 and press ?4.
7. To calculate the purchase price:
a. Key in the discount rate and press ?5.
b. Press t to calculate the purchase price.
c. Press t to calculate the yield.
d. For a new case, go to step 3.
8. To calculate the yield when the price is known:
a. Key in the price and press ?5.
b. RPN: Press g(015t to calculate the yield.
b. ALG: Press g(016t to calculate the yield.
c. For a new case, go to step 3.
Example 1: Calculate the price and yield on this bill: settlement date October 8, 2002;
maturity date March 21, 2003; discount rate 7.80%. Compute on a 360 day basis.
12c platinum / 12C
RPN Keystrokes
12c platinum
ALG Keystrokes
Display Comments
gÕ gÕ
10.082002?1 10.082002?1
10.08
Settlement date.
3.212003?2 3.212003?2
3.21
Maturity date.
360?3 360?3
360.00
360 day basis.
100?4 100?4
100.00
Redemption value per $100.
7.8?5 7.8?5
7.80
Discount rate.
t t
96.45
Price.
t t
8.09
Yield.