CALC 1 will calculate price, accrued interest and yield for 5 standard day calculation bases and 3 frequencies.
The Bonds Form Calculator uses the same data and functions as the Financial Bonds Calculator but has the advantages of using pickers for the dates, date basis and frequency.
What price should you pay on April 28, 2004 for a 6.75% U.S. Treasury Bond that matures June 4, 2018 if you want a yield of 4.75%?
Value | Key | Display | Description |
---|---|---|---|
shift clr f | Clears the financial registers. | ||
6.75 | STO CpnR | 6.75 | Stores the coupon rate. |
4.75 | YTM | 4.75 | Stores the yield to maturity using autoSTO (AS) |
40428 | STO S Date | 40,428 | Stores the settlement date in YYYYMMDD format. |
180604 | STO M Date | 180604 | Stores the maturity date in YYYYMMDD format. |
STO AA | 1.00 | Stores the date basis to actual/actual | |
PRICE | 120.38 | Calculates the price. |
In the y register is the accrued interest of 2.69.
In RPN calculation mode, tap + to calculate the total price of 123.07.
In ALG mode, tap SWAP, then + RCL PRICE =
The display will read "rg(x)+fvPrice"
In CHN mode, tap +, ROLL, =
The default day basis is 30/360 so be sure to set the day basis.
The default frequency is 2 (semi), so you only need to set the frequency as required.
This is how the above example looks on the Bonds Form Calculator
Calculate the yield for the example if the price is 122.125
Value | Key | Display | Description |
---|---|---|---|
122.125 | PRICE | 122.125 | Stores the price. |
YTM | 4.60 | Calculates the yield. |
This is only available on the Bonds (call) Focused Calculator.
Calculate the yield if the call is 105.
Value | Key | Display | Description |
---|---|---|---|
105 | STO call | 105.00 | Stores the new call |
YTM | 4.82 | Calculates the yield. |