Sharp El738 User Guide
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Page 41
40 Procedure Key operation Display Change the fi rst cash fl ow value from –25,000 to –30,000., 30000 J CF D—= -3000000 Change the frequency of 5000 from 2 to 1.i i i i i i i 1 JCF N3= 100 Add a new data set (6000) immediately before 5000.. e 6000 JCF D3= 600000 To confi rm the corrections, press . z to jump to the fi rst data item and press i to browse through each data item. Variables used in discounted cash fl ow analysis Variable Description Default value RATE (I/Y) Internal rate of...
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41 2. Enter cash fl ow data. • Refer to page 37 for instructions on entering cash fl ow data. 3. Press . < to begin discounted cash fl ow analysis. • If a previously entered cash fl ow value is displayed, press s to exit and then press .
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42 Procedure Key operation Display Enter cash fl ow data. , 12000 J DATA SET:CF 000 3000 JDATA SET:CF 100 5000 > 3 JDATA SET:CF 200 4000 JDATA SET:CF 300 Return to the initial dis- play in NORMAL mode.s 000 If there is cash fl ow data stored, press > . b to clear it. 2. Calculate IRR. Procedure Key operation Display Select discounted cash fl ow analysis, and set all the variables to default values. . < . b RATE(I/Y)= 000 Calculate IRR (RATE (I/Y)). @RATE(I/Y)= 2314 Answer: The net...
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43 $80,000 $80,000 $80,000 $80,000 $80,000 –$20,000 –$50,000 –$50,000 –$100,000 –$50,000 1. Enter the cash fl ow data. Procedure Key operation Display Bring up the initial dis- play in NORMAL mode.s 000 Enter cash fl ow data. , 50000 > 2 JDATA SET:CF 000 , 150000 JDATA SET:CF 100 80000 > 4 JDATA SET:CF 200 60000 JDATA SET:CF 300 Return to the initial dis- play in NORMAL mode.s 000 If there is cash fl ow data stored, press > . b to clear it. 2. Calculate NPV. Procedure Key operation...
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44 Bond Calculations Using bond calculations, you can obtain bond prices, yields to maturity, and accrued interest. Variables used in bond calculations Variable Description Default value COUPON (PMT) Annual coupon rate (%) 0 REDEMPT (FV) Redemption value 0 M-D-Y 1 Settlement date (date of bond pur- chase)1-1-2001 M-D-Y 2 Redemption date 1-1-2001 CPN/Y (N) Number of coupons per year 1 YIELD (I/Y) Yield to maturity (%) 0 PRICE (PV) Bond price 0 ACCU INT Accrued interest — Redemption value of the...
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45 Basic operations Refer to page 19 for basic variable operations. 1. Press s to clear the display. • Make sure the calculator is in NORMAL mode. 2. Select bond calculations by pressing #. • To end bond calculations, press s. • If you press s during entry, any entered values will be cleared. 3. Change the day-count setting, if necessary, by pressing . &. 4. Enter the coupon rate (%) into COUPON (PMT) by entering the value and pressing Q. 5. Enter the redemption value into REDEMPT (FV) by...
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46 Calculating bond price and accrued interest A $100, 20-year, 6.5% coupon bond is issued to mature on August 15, 2023. It was sold on November 3, 2006 to yield the purchaser 7.2% compounded semiannually until maturity. At what price did the bond sell? Also calculate the accrued coupon interest. Procedure Key operation Display Bring up the initial dis- play in NORMAL mode.s 000 Select bond calcula- tions.#COUPON(PMT)= 000 Make sure the actual calendar is set (360 is not displayed). Enter the...
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47 Procedure Key operation Display Change the bond price to $92.50.# i i i i i i 92.5 Q PRICE(PV)= 9250 Calculate the yield. z @YIELD(I/Y)= 728 Answer: The yield will be 7.28%. Entering dates Refer to the following notes for date entry. • Enter using US date format (MM-DD-YYYY) or EU date for- mat (DD-MM-YYYY). Refer to the previous example and the following explanation. Month entry Enter two digits. From 2 to 9, the preceding zero may be omitted. Day entry Enter two digits. From 4 to 9, the...
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48 Depreciation Calculations Using depreciation calculations, you can obtain depreciation base values using three types of calculation methods: the straight-line method, the sum-of-the-years’ digits method, and the declining balance method. Variables used in depreciation calculations Variable Description Default value DB (I/Y) Interest per year 0 LIFE (N) Years of depreciation 1 START MONTH Starting month 1 COST (PV) Cost of asset 0 SALVAGE (FV) Salvage value 0 YEAR Year for calculating depreciation...
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49 2. Select the depreciation method (see page 48). 3. Select depreciation calculations by pressing O. • When using the declining balance method, DB (I/Y) ap- pears. Enter the number and press Q. • To end depreciation calculations, press s. If you press s during entry, any entered values will be cleared. 4. Enter the number of years of depreciation into LIFE (N) by pressing i, entering the value, and pressing Q. • When using the straight-line method, the value should be a positive real number,...