7-18PRC : price per $100 of face valueCPN : coupon rate (%)YLD : annual yield (%)A : accrued daysM : number of coupon payments per year (1=annual, 2=semi annual)N : number of coupon payments between settlement date and maturity dateRDV : redemption price or call price per $100 of face valueD : number of days in coupon period where settlement occursB : number of days from settlement date until next coupon payment date = D − AINT : accrued interestCST : price including interest• For one or fewer coupon period to redemption• For more than one coupon period to redemptionu Annual Yield (YLD)YLD is calculated using Newton’s Method.Press 4(BOND) from the Financial 2 screen to display the following input screen for Bondcalculation.6( g) 4(BOND)PRC = + (– )RDV + MCPN1+ ( × )DBMYLD/100 ×DAMCPNPRC = + (– )RDV + MCPN1+ ( × )DBMYLD/100 ×DAMCPN×DAMCPNINT = – CST = PRC + INT+ ×DAMCPNPRC = – –RDV(1+ )MYLD/100 (1+ )MYLD/100MCPNΣNk=1(N–1+B/D ) (k–1+B/D )×DAMCPNINT = – CST = PRC + INT+ ×DAMCPNPRC = – –RDV(1+ )MYLD/100 (1+ )MYLD/100MCPNΣNk=1(N–1+B/D ) (k–1+B/D )
