User Manual

REGISTERS
n: Unused i: Unused
PV: Unused PMT: Unused
FV: Unused R
0
: Unused
R
1
: Settl. date R
2
: Mat. date
R
3
: 360 or 365 R
4
: redemp. value
R
5
: dis./price R
6
-R
.5
: Unused
1. Key in the program.
2. Press
.
3. Key in the settlement date (MM.DDYYYY) and press
1.
4. Key in the maturity date (MM.DDYYYY) and press
2.
5. Key in the number of days in a year (360 or 365) and press
3.
6. Key in the redemption value per $100 and press
4.
7. To calculate the purchase price:
a. Key in the discount rate and press
5.
b. Press
to calculate the purchase price.
c. Press
to calculate the yield.
d. For a new case, go to step 3.
8. To calculate the yield when the price is known:
a. Key in the price and press
5.
b. Press
15 to calculate the yield.
c. For a new case, go to step 3.
Example 1: Calculate the price and yield on this U.S. Treasury Bill: settlement
date October 8, 1980; maturity date March 21, 1981; discount rate 7.80%.
Compute on a 360 day basis.
Keystrokes Display
10.081920
1
10.08 Settlement date.