HP 12C#ABA hp 12c_solutions handbook_English_E.pdf - Page 66
Securities, After-Tax Yield
UPC - 492410746430
View all HP 12C#ABA manuals
Add to My Manuals
Save this manual to your list of manuals |
Page 66 highlights
Securities After-Tax Yield The following HP-12C program calculate the after tax yield to maturity of a bond held for more than one year. The calculations assumes an actual/ actual day basis. For after-tax computations, the interest or coupon payments are considered income, while the difference between the bond or note face value and its purchase price is considered capital gains. KEYSTROKES DISPLAY CLEAR CLEAR 7 6 2 1 4 2 2 0 3 5 00- 01- 42 34 02- 44 7 03- 33 04- 44 6 05- 45 2 06- 45 1 07- 30 08- 45 4 09- 25 10- 45 2 11- 34 12- 30 13- 26 14- 2 15- 10 16- 44 0 17- 45 3 18- 45 5 65
65
Securities
After-Tax Yield
The following HP-12C program calculate the after tax yield to maturity of a
bond held for more than one year. The calculations assumes an actual/
actual day basis. For after-tax computations, the interest or coupon
payments are considered income, while the difference between the bond
or note face value and its purchase price is considered capital gains.
KEYSTROKES
DISPLAY
CLEAR
00-
CLEAR
01-
42 34
7
02-
44
7
03-
33
6
04-
44
6
2
05-
45
2
1
06-
45
1
07-
30
4
08-
45
4
09-
25
2
10-
45
2
11-
34
12-
30
13-
26
2
14-
2
15-
10
0
16-
44
0
3
17-
45
3
5
18-
45
5