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Casio CLASSPAD 330 3.04 User Manual

Page 865

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20060301

15-10-3

Bond Calculation

I Example 2

For the same type of bond described in Example 1, calculate the price on the bond (PRC)
based on a specific number of coupon payments (Term).

Before performing the calculation, you should use the [Format] tab to change the [Bond
Interval] setting to “Term”, or tap “Date” in the status bar.

The bond is based on the 30/360 day-count method (Days in Year = 360 days) with a coupon
rate (CPN) of 3%. The bond will be redeemed at 100% of its par value (RDV) after 3 periods
(N). For 4% yield to maturity (YLD), calculate the bond’s price ([PRC]).