User Manual

7-15
• For more than one coupon period to redemption
u Annual Yield (YLD)
YLD is calculated using Newton’s Method.
Press 4(BOND) from the Financial 2 screen to display the following input screen for Bond
calculation.
6( g) 4(BOND)
d1 .......... purchase date (month, date, year)
d2 .......... redemption date (month, date, year)
RDV ...... redemption price per $100 of face value
CPN ...... coupon rate
PRC ...... price per $100 of face value
YLD ...... annual yield
After configuring the parameters, use one of the function menus noted below to perform the
corresponding calculation.
• {PRC} … {Calculate the bond’s price (PRC), accrued interest (INT), and cost of bond (CST)}
• {YLD} … {Calculate the yield to maturity}
Calculation Result Output Examples
{PRC} {PRC} − {GRPH} {PRC} − {MEMO}
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}
• { GRPH } … {draws graph}
• { MEMO } … {displays numbers of days used in calculations}
×
D
A
M
CPN
INT = – CST = PRC + INT
+
×
D
A
M
CP
N
PRC = – –
RDV
(1+ )
M
YLD/100
(1+ )
M
YLD/100
M
CPN
Σ
N
k=1
(N–1+B/D ) (k–1+B/D )
×
D
A
M
CPN
INT = – CST = PRC + INT
+
×
D
A
M
CP
N
PRC = – –
RDV
(1+ )
M
YLD/100
(1+ )
M
YLD/100
M
CPN
Σ
N
k=1
(N–1+B/D ) (k–1+B/D )