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8: Bonds 111
File name : 17BII-Plus-Manual-E-PRINT-030709 Print data : 2003/7/11
maturity, the CALL value must equal 100. (See step 3.)
8. To calculate a result, first press
)
to access the remaining menu
labels. Do either a or b:
a. Key in the yield and press •
. Press
*
to calculate the
price.
b. Key in the price and press *
. Press
•
to calculate the
yield.
To calculate the accrued interest, press
€
.
The total amount owed
the seller is PRICE + ACCRU, that is:
*
+
€
=
.
Calculating Fractional Values. When given a fractional value that must
be entered in decimal form, do the arithmetic and then store the result
directly into a variable. Do not clear the arithmetic and then retype the
result before storing it―this is an unnecessary step that can cause
incorrect answers due to rounding. See how the following example
stores 8
3
/
8
in YLD%.
Example: Price and Yield of a Bond. What price should you pay on
August 10, 2003 for a 6¾% U.S. Treasury bond that matures on May 1,
2018 if you wish a yield of 8
3
/
8
%? The calendar basis is actual/actual
and the coupon payments are semi-annual. (The example assumes
MM.DDYYYY date format.)
Keys: Display: Description:
"
y
@c
" Since there is no call on
this bond, set CALL = 100
by clearing variables.
z ‚
ƒ
e
"
1?1 FH0;1<<419"
Sets bond type, if
necessary.
8.102003
{
"
FH::8"
(*?#(?$((% F4<"
Stores settlement
(purchase) date.
5.012018 " Stores maturity date.
v