Victor v12 Manuel Du Propriétaire

V12 Manual

What Bond Price should you pay on September 17, 2009 for a 
4.9% US Treasury Bond that matures on November 2, 2017 if 
you desire a yield of 6.65%? 

 

Y

A

L

P

S

I

D

 

S

E

I

R

T

N

E

 b    REG 

0.00
Clears the registers 

4.9  PMT 

4.9
Enters coupon rate 

6.65   i

.

6.65
Enters yield to maturity 

 r  M.DY 

6.65
Sets date format to month-day-
year value 

9.172009 ENTER 

9.17
Enters purchase date 

11.022017    b    PRICE 

89.14
Enters maturity date and
calculates bond price (as a % 
of Par) 

90.98
Calculates  total bond price 
including accrued interest 

To Calculate Bond Yield to Maturity (  b    YTM )

Enter quoted Bond price (asa % of Par); touch  PV 
Enter coupon rate; touch PMT 
Enter purchase date; touch  ENTER 
Enter redemption date; touch   b    YTM 

Using the Bond described above, what is the Yield to Maturity if 
the market quote for the Bond is 91.42? 

 

Y

A

L

P

S

I

D

 

S

E

I

R

T

N

E

91.42 PV 

91.42
Enters market quote 

4.9 PMT 

4.90
Enters coupon rate 

9.172009 ENTER 

9.17
Enters purchase date 

11.022017    b    YTM 

6.26
Enters Maturity Date and 
calculates yield to maturity 

To Calculate Bond Price and Yield for 30/360 Day Basis Bonds 
with a semiannual coupon, please reference V12 programming 
guide at www.VictorV12.com/programs

.

To Calculate Price  and Yield for Bonds with Annual  Coupons, 
please reference V12 programming guide at 

www.VictorV12.com

.

Percentages
There are three buttons used for solving problems involving 
percents: Delta Percentage∆% ,Percentage  %  and Percent of 
Total %T. 

Delta percentage calculates the percent difference between 
numbers using the first number as a base.  To find the delta 
percentage∆% of two values in both RPN and ALG method: 

Enter the base value 
Touch  =

.

   or  ENTER 

Enter the second number 
Touch∆%