E-77
+
×
D
A CPN
PRC = –
INT = –
–
RDV
(1+ )
M
YLD/100
(1+ )
M
YLD/100
M
CPN
Σ
N
k
=1
(N–1+B/D )
(k–1+B/D )
CST
= PRC + INT
×
D
A
M
CPN
M
PRC = – –
RDV
M
CPN
(1+ )
M
YLD/100
n
(1+ )
M
YLD/100
k
INT
= 0
CST
= PRC
Σ
n
k
=1
• For more than one coupon period to redemption
Term (Using the Setup Screen: Bond Date)
u Annual Yield (YLD)
YLD is calculated using Newton’s Method.
Note
• This calculator performs annual yield (YLD) calculations
using Newton’s Method, which produces approximate
values whose precision can be affected by various
calculation conditions. Because of this, annual yield
calculation results produced by this calculator should be
used keeping the above limitation in mind, or the results
should be verified.