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An error (Ma ERROR) occurs if parameters are not configured correctly.
Use the following function menu to maneuver between calculation result screens.
• {REPT} … {parameter input screen}
• {TABL} … {displays table}
• {GRPH} … {draws graph}
10. Bond Calculations
Bond calculation lets you calculate the purchase price or the annual yield of a bond.
Before starting bond calculations, use the Setup screen to configure “Date Mode” and
“Periods/YR.” settings (page 7-1).
S Formula
D
Issue date
Redemption date (d2)
Purchase date (d1) Coupon Payment dates
AB
PRC : price per $100 of face value
CPN : annual coupon rate (%)
YLD : yield to maturity (%)
A : accrued days
0 : number of coupon payments per year (1=annual, 2=semi annual)
N : number of coupon payments between settlement date and maturity date
RDB : redemption price or call price per $100 of face value
D : number of days in coupon period where settlement occurs
B : number of days from settlement date until next coupon payment date=D−A
,17 : accrued interest
&67 : price including interest
S Price per $100 of face value (PRC)
• For one or fewer coupon period to redemption
PRC = +(–)
RDV +
M
CPN
1+ ( × )
D
B
M
YLD/100
×
D
A
M
CPN
PRC = +(–)
RDV +
M
CPN
1+ ( × )
D
B
M
YLD/100
×
D
A
M
CPN