HP 30b HP 20b Business Consultant and HP 30b Business Professional User's Guid - Page 57

Bond Calculation Example

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Bond Calculation Example What price should you pay on April 28, 2010 for a 6.75% U.S. Treasury bond maturing on June 4, 2020, if you want a yield of 4.75%? Assume the bond is calculated on a semiannual coupon payment on an actual/actual basis. See Table 6-2. The example below is calculated with RPN as the active operating mode. Table 6-2 Bond Calculation Example Key B Display Description Opens the Bond menu. > I

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Bonds
49
Bond Calculation Example
What price should you pay on April 28, 2010 for a 6.75% U.S. Treasury bond maturing on June 4,
2020, if you want a yield of 4.75%? Assume the bond is calculated on a semiannual coupon payment
on an actual/actual basis. See Table 6-2. The example below is calculated with RPN as the active
operating mode.
Table 6-2
Bond Calculation Example
Key
Display
Description
B
Opens the Bond menu.
>
Scrolls to bond coupon (payment)
frequency.
I
Selects semiannual coupon payment,
as required by the example.
<4.2
82010
I
Inputs April 28, 2010 for the
settlement date (
mm.ddyyyy
format).
<6.0
42020
I
Inputs
June 4, 2020
for the maturity
date.
<6.7
5I
Inputs
6.75%
for the value for
CPN%
.
<
Displays current call value. Default is
100
. Note: if
Call
requires another
value, key in the number followed by
I
.
<4.7
5I
Inputs
4.75%
for
Yield%
.
<=
Calculates the current value for
Price
.