Bonds
70
Table 7-1 Bond Menu
Variable Description
Call=
Call value. Default is set for a call price per
$100.00 face value. A bond at maturity has a call
value of 100% of its face value. Note: Input only.
Yield%=
Yield% to maturity or yield% to call date for given
price. Note: Input/Output.
Price=
Price per $100.00 face value for a given yield.
Note: Input/Output.
Accrued=
Interest accrued from the last coupon or payment
date until the settlement date for a given yield.
Note: Input/Output.
Actual/Cal.360
Actual (365-day calendar) or Cal.360 (30-day
month/360-day year calendar).
Annual/Semiannual
Bond coupon (payment) frequency.
What price should you pay on April 28, 2010 for a 6.75% U.S. Treasury bond
maturing on June 4, 2020, if you want a yield of 4.75%? Assume the bond is
calculated on a semiannual coupon payment on an actual/actual basis. See
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