Bond calculations, Bond calculations -14 – Casio FX-9750GII User Manual
Page 209
7-14
An error (Ma ERROR) occurs if parameters are not configured correctly.
Use the following function menu to maneuver between calculation result screens.
• {REPT} … {parameter input screen}
• {TABL} … {displays table}
• {GRPH} … {draws graph}
10. Bond Calculations
Bond calculation lets you calculate the purchase price or the annual yield of a bond.
Before starting bond calculations, use the Setup screen to configure “Date Mode” and
“Periods/YR.” settings (page 7-1).
S Formula
D
Issue date
Redemption date (d2)
Purchase date (d1)
Coupon Payment dates
A
B
PRC
: price per $100 of face value
CPN
: annual coupon rate (%)
YLD
: yield to maturity (%)
A
: accrued days
0
: number of coupon payments per year (1=annual, 2=semi annual)
N
: number of coupon payments between settlement date and maturity date
RDB
: redemption price or call price per $100 of face value
D
: number of days in coupon period where settlement occurs
B
: number of days from settlement date until next coupon payment date = D − A
,17
: accrued interest
&67
: price including interest
S Price per $100 of face value (PRC)
• For one or fewer coupon period to redemption
PRC =
+ (
–
)
RDV
+
M
CPN
1+ (
×
)
D
B
M
YLD/
100
×
D
A
M
CPN
PRC =
+ (
–
)
RDV
+
M
CPN
1+ (
×
)
D
B
M
YLD/
100
×
D
A
M
CPN