HP 33S Bond Prices Application Note

About this manual

The document introduces bond pricing concepts and shows how the HP 33S scientific calculator can be used to solve time‑value‑of‑money problems for bonds. It explains the relationship between coupon rate, market rate, and bond price, and provides background on the equation used.

Step‑by‑step instructions guide the user to enter the time‑value‑of‑money equation into the HP 33S solver, use the SOLVE function, and input variables in either RPN or algebraic mode. Several examples illustrate calculations for bonds with different terms and coupon rates.

What's inside

• Bond Prices
• The Time Value of Money on the HP 33S
• Notes for using the SOLVE function
• Practice solving for the price of a bond
• Example 1
• Example 2
• Example 3
• Figure 1

Specifications

Frequently asked questions

How do I calculate a bond price on the HP 33S?

Enter the time‑value‑of‑money equation into the solver, select the SOLVE function, input the known variables, and let the calculator compute the unknown price.

What equation is used for bond price calculations on the HP 33S?

The equation is Px100x(1-(14+1+100)*-N) +14+Fx(14+1+100)*-N+B, entered via the EQN mode.