HP 12c Platinum User Manual

Section 13: Investment Analysis 197
File name: HP 12c Pt Converted_user's guide_English_HDP0F123E02_080207 Page: 201 of 281
Printed Date: { 2007/8/2Dimension: 14.8 cm x 21 cm
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 $100.
Reference:
Tony Hutchins, 2003, Black-Scholes takes over the HP12C, HPCC
(www.hpcc.org) Datafile, V22, N3, pp13-21.
KEYSTROKES
(RPN mode)
DISPLAY
KEYSTROKES
(ALG mode)
DISPLAY
fs fs
f
CLEAR
Î
000,
f
CLEAR
Î
000,
:n
001, 45 11
:n
001, 45 11
:¼
002, 45 12
§
002, 20
b
003, 25
:¼
003, 45 12
Þ
004, 16
b
004, 25
g>
005, 43 22
}
005, 36
:M
006, 45 15
Þ
006, 16
§
007, 20
g>
007, 43 22
?
4
008, 44 4
§
008, 20
~
009, 34
:M
009, 45 15
gr
010, 43 21
}
010, 36
:P
011, 45 14
?
4
011, 44 4
b
012, 25
:n
012, 45 11
?
3
013, 44 3
gr
013, 43 21
:$
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