Hp 12C User Manual

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Brand: HP

Category: Calculator

Type: Operation & user’s manual for HP 12C

Pages: 4

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HP 12C Bonds
hp calculators - 4 - HP 12C Bonds - Version 1.0
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Figure 5
Answer: The net price paid for the 6¾% U.S. Treasury bond on August 10, 2003 should be $88.23 per $100.
Example 2: Keeping previous example data, suppose that the actual market quote for the bond is 8¼% instead of
8
3
/
8
%. What yield does it represent now?
Solution: Simply update the quote price in $, enter the settlement and maturity dates and press fS:
88.25 $
8.102003 \
5.012018 fS
Figure 6
Answer: The yield for the 6¾% U.S. Treasury bond now quoted at $88.25 per $100 is 8.13%.
Example 3: Consider a zero-coupon, semi-annual bond purchased on May 19, 2003 that matures on June 30, 2017.
What is the price given a yield to maturity of 14%? Use D.MY date mode this time.
Solution: To make sure there is no residual value from previous calculations, clear the TVM registers contents to
zero (P is automatically set to zero) and set D.MY mode prior to calculate the price.
fG gÔ 14 ¼
19.052003 \
30.062017 fE
Figure 7
Answer: The price for the zero-coupon bond in the example is $14.81 per $100.