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|Author||Topic: Calculating Price of a bond using texas instrument calculator|
|I am having trouble calculating the price of a bond on my texas instrument BAII plus calculator.
In Reading 66, there's an exhibit 4 table with the prices. Pg 524 /volume 5. In the table:
yield% = 4%
Coupon = 6%
Price shows 108.9826
however, my calculator shows 108.9036.
Why is there a difference? Is it b/c of the setting of my calculator? Am I entering the info incorrectly?
Here's what I am entering to get the Price of the bond:
i/y = 4
PMT = 6
Please help. Thanks!
|Actually, never mind. I know what I did wrong.
I needed to set the P/Y to 2. And the PMT =3, and N=10
to get 108.9826
CFA Discussion Topic: Calculating Price of a bond using texas instrument calculator
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