HP HP12C hp 12c_user's guide_English_E_HDPMBF12E44.pdf - Page 167

Section 16: Bonds 167 REGISTERS n: Used i: Yield PV: Used PMT: Cpn. or 0 FV: Used R0: # Periods (n) R1: Yield R2: Coupon R : Redemption 3 R : Settlement 4 R : Next Cpn. 5 R : Last Coupon 6 R : Used 7 R -R : Unused 8 .5 For annual coupon bonds calculated on a 30/360 day basis, insert d after gÒ at steps 19 and 23 (making the program two steps longer). 1. Key in the program and press ?É if the C status indicator is not displayed. 2. Key in the total number of coupons which are received and press ?0. 3. Key in the annual yield as a percentage then press ?1. 4. Key in the amount of the annual coupon then press ?2.* 5. Key in the redemption value then press ?3.* 6. Key in the settlement (purchase) date† then press ?4. 7. Key in the date of the next coupon then press ?5. 8. Press t to obtain the amount of accrued interest. 9. Press t to determine the priceof the bond. 10. For a new case, return to step 2. Example: What is the price and accrued interest of a 20-year Eurobond with annual coupons of 6.5% purchased on August 15, 2004 to yield 7%. The next coupon is received on December 1, 2004. Keystrokes ?Æ 20?0 7?1 6.5?2 100?3 8.152004?4 12.012004?5 t t Display 20.00 7.00 6.50 100.00 8.15 12.01 -4.58 -94.75 Set compound interest mode if the C indicator is not on. Total number of coupons. Annual yield. Annual coupon rate. Redemption value. Settlement date. Next coupon date. Accrued interest. Purchase price. * Positive for cash received; negative for cash paid out. † For information about date format see pages 29 to 30. File name: hp 12c_user's guide_English_HDPMBF12E44 Printered Date: 2005/7/29 Page: 167 of 209 Dimension: 14.8 cm x 21 cm