HP 12c Platinum Reference Guide

Securities and Options 69
Example 2: Determine the yield of this security; settlement date June 25, 2002; maturity
date September 10, 2002; price $99.45; redemption value $101.33. Assume 360 day basis.
12c platinum / 12C
RPN Keystrokes
12c platinum
ALG Keystrokes
Display Comments
6.252002?1 6.252002?1
6.25
Settlement date.
9.102002?2 9.102002?2
9.10
Maturity date.
360?3 360?3
360.00
360 day basis.
101.33?4 101.33?4
101.33
Redemption value per $100.
99.45?5 99.45?5
99.45
Price.
g(015t g(016t
8.84
Yield.
Black-Scholes Formula for Valuing European
Options
This program implements the Black-Scholes formula which has been used extensively in
option markets worldwide since its publication in the early 1970’s. The five inputs are
simply keyed into the five financial variables and then t displays the call option value,
and ~ shows the put option value. The option values produced are accurate to at least
the nearest cent for asset and strike prices under $100.
Reference: Hutchins, 2003, Black-Scholes takes over the HP12C, HPCC (www.hpcc.org)
DataFile,V22,N3 pp13-21.
12c platinum / 12C
RPN KEYSTROKES
DISPLAY
12c platinum
ALG KEYSTROKES
DISPLAY
fs fs
fCLEARÎ
000,
fCLEARÎ
000,
:n
001, 45 11
:n
001, 45 11
:¼
002, 45 12
§
002, 20
b
003, 25
:¼
003, 45 12
Þ
004, 16
b
004, 25
g>
005, 43 22
³
005, 36
:M
006, 45 15
Þ
006, 16
§
007, 20
g>
007, 43 22
?4
008, 44 4
§
008, 20
~
009, 34
:M
009, 45 15
gr
010, 43 21
³
010, 36
:P
011, 45 14
?4
011, 44 4
b
012, 25
:n
012, 45 11
?3
013, 44 3
gr
013, 43 21
:$
014, 45 13
§
014, 20
:4
015, 45 4
:P
015, 45 14
z
016, 10
b
016, 25

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