Entering Bond Data and Computing Results

To compute values for price (PRI) or yield (YLD) and accrued interest (AI), first enter the four known values for settlement date (SDT), coupon rate (CPN), redemption date (RDT), and redemption value (RV).

If necessary, change the day-count method (ACT or 360) and coupon-frequency (2/Y or 1/Y). The Bond worksheet stores all values and settings until you clear the worksheet or change the values and settings.

Entering Known Bond Values

1.

Press & l. The current SDT value appears.

2.

To clear the worksheet, press & z.

3.

If necessary, key in a new SDT value and press !.

4.

Repeat step 3 for CPN, RDT, and RV, pressing # once for each variable.

Note: To enter dates, use this convention: mm.ddyy (US) or dd.mmyy (European).

Setting the Bond Day-Count Method and Coupon Frequency

1.

To display the day-count method, press # until ACT or 360 appears.

2.

To change the day-count method, press & V.

3.

To display the coupon frequency, press # until 2/Y or 1/Y appears.

4.

To change the coupon frequency, press & V.

Computing the Bond Price (PRI)

1.

Press # until YLD appears.

2.

Key in a value for YLD and press !.

3.

Press # to display PRI, and then press C. The calculator displays the computed PRI value.

Computing the Bond Yield (YLD)

1.

Press # until PRI appears.

2.

Key in a value for PRI and press !.

3.

Press # to display YLD, and then press C. The calculator displays the computed YLD value.

Computing Accrued Interest (AI)

To compute accrued interest, press # until the AI variable appears. The calculator automatically computes AI in terms of dollars per $100 of par value.