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Price of bond = 100.44 Nominal coupon interest rate (compounded annually) = 1.5% Duration: 10 years Face value (what you get back after 10 years, may be poor translation): 100

Spent hours now trying to figure out how I solve for the effective interest rate, and some help would be greatly appreciated!

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I assume you are looking for the Yield to Maturity

Press [C ALL] to remove any result already stored.

You have to use the top 5 buttons on the calculator to enter the maturity, the price (as a negative), the coupon and the face value:

10 [N] -100.44 [PV] 1.5 [PMT] 100 [FV]

Press [I/YR] the result 1.45209173 is displayed. This can be rounded to 1.45%.

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