Post Reply 
HP 12C bond calculation
12-29-2016, 09:09 PM
Post: #1
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
Find all posts by this user
Quote this message in a reply
Post Reply 


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



User(s) browsing this thread: