HP 12C - Page 221

Section 16: Bonds 221
File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 221 of 275
Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm
Keystrokes
(RPN mode)
Keystrokes
(ALG mode)
Display
t t
103.41
Price to yield 4.5%
(calculated).
~ +~
1.33
Accrued interest
(calculated).
+ ³
104.74
Total price paid.
Example 2:
The market is quoting 105% for the bond described in example 1.
What yield will that provide
?
What would be the yield to maturity if 104% were
the quoted price
?
Keystrokes
(RPN mode)
Keystrokes
(ALG mode)
Display
104.74
From previous example.
0
?
0 0
?
0
0.00
105
?
1
t
105
?
1
t
4.05
Yield at 105%
(calculated).
104
?
1
t
104
?
1
t
4.33
Yield at 104%
(calculated).