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File name: hp 12c_user's guide_English_HDPMBF12E44 Page: 163 of 209
Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm
Section 16
Bonds
30/360 Day Basis Bonds
A bond is a contract to pay interest, usually semiannually, at a given rate (coupon)
and to pay the principal of the bond at some specified future date. A bond which
is calculated on a 30/360 day basis is one in which the day count basis is
computed using 30 days in a month and 360 days in a year.
The following program solves for the price given the yield or for the yield given the
price of a semiannual coupon bond which is calculated on a 30/360 day basis
and is held for more than six months.
KEYSTROKES DISPLAY KEYSTROKES DISPLAY
fs
:6
24- 45 6
fCLEARÎ
00-
§
25- 20
fCLEARG
01- 42 34
:0
26- 45 0
g×
02- 43 7
gm
27- 43 35
:2
03- 45 2
gi39
28-43, 33 39
2
04- 2
2
29- 2
z
05- 10
z
30- 10
P
06- 14
¼
31- 12
?6
07- 44 6
$
32- 13
:5
08- 45 5
Þ
33- 16
+
09- 40
~
34- 34
M
10- 15
-
35- 30
:3
11- 45 3
gF
36- 43 36
:4
12- 45 4
~
37- 34
gÒ
13- 43 26
gi00
38-43, 33 00