HP 12C bond calculation
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12-29-2016, 09:09 PM
Post: #1
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HP 12C bond calculation
The yield to maturity value from my 12c's do not agree with the brokerage firm, my 17bii+, or financial software running on my 50g.
Any thoughts would be appreciated. I bought a municipal bond through my brokerage firm: Settlement date 12/23/2016 Maturity date 2/15/2017 Price 100.628 Coupon 5% Call 100 30/360 semiannual Brokerage firm Yield to maturity .637% I have 2 HP 12c platinum calculators with a single battery. One of them is a 25th anniversary. Both calculators are set to rpn and show a ytm of .7035%. I also have a 17Bii+. Using the bond menu it returns a ytm of .63698%. I also have a 50g using Financial Applications software written by Don Phillips. It returns a ytm of .637%. Since the 17bii+ and the 50g closely agree with the brokerage firm value I believe them to be correct. The 12c manual mentions solutions to iterative problems may not exist or there may be multiple roots. I did not see a way to input a starting value. Or, I may be using the 12c's incorrectly. Any thoughts as to why the 12c answer does not agree with the others would be much appreciated. Thanks Randy |
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Messages In This Thread |
HP 12C bond calculation - Randall - 12-29-2016 09:09 PM
RE: HP 12C bond calculation - Nick - 12-29-2016, 11:40 PM
RE: HP 12C bond calculation - Gene - 12-30-2016, 01:31 AM
RE: HP 12C bond calculation - Nick - 12-30-2016, 01:53 AM
RE: HP 12C bond calculation - Nick - 12-30-2016, 02:10 AM
RE: HP 12C bond calculation - Randall - 12-30-2016, 02:41 AM
RE: HP 12C bond calculation - Gene - 12-30-2016, 02:21 PM
RE: HP 12C bond calculation - Randall - 12-30-2016, 04:14 PM
RE: HP 12C bond calculation - Randall - 01-05-2017, 06:55 PM
RE: HP 12C bond calculation - Randall - 01-05-2017, 06:55 PM
RE: HP 12C bond calculation - Gene - 01-05-2017, 07:34 PM
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