HP 12c financial calculator Manuale Utente
163
File name: hp 12c_user's guide_English_HDPMBF12E44
Page: 163 of 209
Printered Date: 2005/7/29
Dimension: 14.8 cm x 21 cm
Section 16
Bonds
30/360 Day Basis Bonds
A bond is a contract to pay interest, usually semiannually, at a given rate (coupon)
and to pay the principal of the bond at some specified future date. A bond which
is calculated on a 30/360 day basis is one in which the day count basis is
computed using 30 days in a month and 360 days in a year.
and to pay the principal of the bond at some specified future date. A bond which
is calculated on a 30/360 day basis is one in which the day count basis is
computed using 30 days in a month and 360 days in a year.
The following program solves for the price given the yield or for the yield given the
price of a semiannual coupon bond which is calculated on a 30/360 day basis
and is held for more than six months.
price of a semiannual coupon bond which is calculated on a 30/360 day basis
and is held for more than six months.
KEYSTROKES DISPLAY KEYSTROKES
DISPLAY
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