HP 12C Solutions Handbook

65
Securities
After-Tax Yield
The following HP-12C program calculate the after tax yield to maturity of a
bond held for more than one year. The calculations assumes an actual/
actual day basis. For after-tax computations, the interest or coupon
payments are considered income, while the difference between the bond
or note face value and its purchase price is considered capital gains.
KEYSTROKES DISPLAY
CLEAR
00-
CLEAR
01- 42 34
7
02- 44 7
03- 33
6
04- 44 6
2
05- 45 2
1
06- 45 1
07- 30
4
08- 45 4
09- 25
2
10- 45 2
11- 34
12- 30
13- 26
2 14- 2
15- 10
0
16- 44 0
3
17- 45 3
5
18- 45 5

HP 12C Specifications

General

Brand	HP
Model	12C
Category	Calculator
Language	English