HP 17BIIPLUS - Page 112

112 8: Bonds
|
01:8(.?(#?$(#*
:4H"
6.75
}
75<68'&-." Stores annual coupon
rate.
)
3
/
8
+
8
•
"
"
@9A68*&%*"
Stores desired yield
(displayed rounded to two
decimal places).
*
*
52;7H8*'&%*" Result: price is $86.38
per $100 face value.
+
€
*'&%*)#&*." Adds accrued interest
owed the seller.
=
**&$%" Net price.
Suppose that the market quote for the bond is 88¼. What yield does it
represent?
88.25
*
52;7H8**&$." Stores quoted price.
•
@9A68*&#%" Result: yield to maturity.
Example: A Bond with a Call Feature. What is the price of a 6%
corporate bond maturing on March 3, 2022 and purchased on May 2,
2003 to yield 5.7%? It is callable on March 3, 2006 (a coupon date),
at a value of 102.75. What is the yield to the call date? Use a 30/360
calendar with semi-annual coupon payments.
Keys: Display: Description:
" y
@c
" Displays BOND menu,
clears variables.
z •
ƒ
e
"
%(?%'( FH0;1<<419"
Sets bond type, if
necessary.
*
To see the full precision of the number, press
@S
.
v
v
v