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Unformatted text preview: to display PRI. Then press . A value for PRI is computed and displayed. Calculating Yield (YLD)
1. Press until PRI is displayed. 2. Key in a value for PRI and press
3. Press . to display YLD. Then press . A value for YLD is computed and displayed. Calculating Accrued Interest (AI)
A value for AI (accrued interest) is computed and displayed automatically
when you access the variable. AI is computed in terms of dollars per $100
of par value.
Press 40 repeatedly until AI and its value are displayed. Chapter 4: Using the Bond Worksheet Example: Bond Worksheet Application
You want to purchase a semiannual corporate bond that matures on
12/31/97 to settle on 6/12/96. The bond is based on the 30/360 day-count
method with a coupon rate of 7%. It will be redeemed at 100% of its par
value. For an 8% yield to maturity, compute the bond's price and the
l Select Bond worksheet.
Clear worksheet. Display
SDT (old contents)
SDT (old contents) 6.1296 SDT = 6-12-1996 Enter coupon rate. 7 CPN = 7.00 Enter redemption date. 12.3197 RDT = 12-31-1997 Enter settlement date. Leave redemption value
as is. RV = If necessary, select
method. 360 If necessary, select two
coupon payments per
year. 2/Y Enter yield. 8 YLD = 100.00 8.00 Compute price PRI = 98.56 View accrued interest. AI = 3.15 For an 8% yield to maturity, the price of the bond is $98.56 per 100 and the
accrued interest is $3.15 per 100. Chapter 4: Using the Bond Worksheet 41 42 Chapter 4: Using the Bond Worksheet CHAPTER 5
Using the Depreciation Worksheet
To access the Depreciation worksheet, press
p. Then choose a
depreciation method, enter the known values, and compute the unknown
values. To choose a depreciation method, press
the desired method is displayed. To view the variables, press
and . Depreciation Worksheet Labels
Label Meaning Type of Variable SL* Straight-line method Setting SYD* Sum-of-the-years’-digits method Setting DB* Declining-balan...
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- Summer '09