HP 30b Business Professional Calculator - Manual (Page 57)

Bonds 49
Bond Calculation Example
What price should you pay on April 28, 2010 for a 6.75% U.S. Treasury bond maturing on June 4,
2020, if you want a yield of 4.75%? Assume the bond is calculated on a semiannual coupon payment
on an actual/actual basis. See Table 6-2. The example below is calculated with RPN as the active
operating mode.
Table 6-2 Bond Calculation Example
Key Display Description
B Opens the Bond menu.
> Scrolls to bond coupon (payment)
frequency.
I Selects semiannual coupon payment,
as required by the example.
<4.2
82010
I Inputs April 28, 2010 for the
settlement date (mm.ddyyyy format).
<6.0
42020
I Inputs June 4, 2020 for the maturity
date.
<6.7
5I Inputs 6.75% for the value for CPN%.
< Displays current call value. Default is
100. Note: if Call requires another
value, key in the number followed by
I
.
<4.7
5I Inputs 4.75% for Yield%.
<= Calculates the current value for Price.