HP HP12C hp 12c_user's guide_English_E_HDPMBF12E44.pdf - Page 163

Section 16 Bonds 30/360 Day Basis Bonds A bond is a contract to pay interest, usually semiannually, at a given rate (coupon) and to pay the principal of the bond at some specified future date. A bond which is calculated on a 30/360 day basis is one in which the day count basis is computed using 30 days in a month and 360 days in a year. The following program solves for the price given the yield or for the yield given the price of a semiannual coupon bond which is calculated on a 30/360 day basis and is held for more than six months. KEYSTROKES DISPLAY KEYSTROKES DISPLAY fs fCLEARÎ 00- fCLEARG 01- g× 02- :2 03- 2 04- z 05- P 06- ?6 07- :5 08- + 09- M 10- :3 11- :4 12- gÒ 13- :6 § 42 34 :0 43 7 gm 45 2 gi39 22 10 z 14 ¼ 44 6 $ 45 5 Þ 40 ~ 15 45 3 gF 45 4 ~ 43 26 gi00 24- 45 6 25- 20 26- 45 0 27- 43 35 28-43, 33 39 29- 2 30- 10 31- 12 32- 13 33- 16 34- 34 35- 30 36- 43 36 37- 34 38-43, 33 00 163 File name: hp 12c_user's guide_English_HDPMBF12E44 Printered Date: 2005/7/29 Page: 163 of 209 Dimension: 14.8 cm x 21 cm