HP 12C#ABA hp 12c_solutions handbook_English_E.pdf - Page 155
Securities, Forecasting, Profit and Loss Analysis, Discounted Notes, Price given discount rate
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Profit and Loss Analysis • Net income = (1 - tax)(net sales price - manufacturing expense - operating expense) • Net sales price = list price(1 - discount rate) • where operating expense represents a percentage of net sales price. Securities Discounted Notes Price (given discount rate) • B = number of days in year (annual basis). • DR = discount rate (as a decimal). • DSM = number of days from settlement date to maturity date. • P = dollar price per $100 per value. • RV = redemption value per $100 par value. • P = [RV] - DR × RV × D-----S-----M--B Yield (given price) • B = number of days in year (annual basis). • DSM = number of days from settlement date to maturity date. • P = dollar price per $100 par value. • RV = redemption value per $100 par value. • Y = annual yield of investment with security held to maturity (as a decimal). • Y= R-----V-----------P--P × ------B------DSM Forecasting 154