Operation Manual

159
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.
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.
KEYSTROKES
(RPN mode)
DISPLAY
KEYSTROKES
(RPN mode)
DISPLAY
fs -
023, 30
f] :6
024, 45 6
fCLEARÎ
000,
§
025, 20
fCLEARG
001, 42 34
:0
026, 45 0
g×
002, 43 7
gm
027, 43 35
:2
003, 45 2
gi039
028, 43,33,039
2
004, 2
2
029, 2
z
005, 10
z
030, 10
P
006, 14
¼
031, 12
?6
007, 44 6
$
032, 13
:5
008, 45 5
Þ
033, 16
+
009, 40
~
034, 34
M
010, 15
-
035, 30
:3
011, 45 3
gF
036, 43 40
:4
012, 45 4
~
037, 34
gÒ
013, 43 26
gi000
038, 43,33,000
d
014, 33
d
039, 33
1
015, 1
:1
040, 45 1
8
016, 8
+
041, 40
0
017, 0
Þ
042, 16