A

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PAGENET BOND
Settlement date (current date)
Bond coupon
Price
Maturity
Date of last interest payment
Date of next interest payment
Days from last interest to settlement
Days from last interest to next interest
Invoice price calculation
Price
Accrued interest
Invoice price

4-Aug-97
8.875% <-- Interest paid semiannually
96.777949
1-Feb-06
1-Aug-97
1-Feb-98
3
184

96.7779
0.0724 <-- Should be (8.875%/2 * 3 days / 184)*100
96.8503
Note: Bloomber calculates accrued interest b
30 day months: =3/180*8.875/2. This gives
0.073958333

Yield calculation
Date
4-Aug-97
1-Feb-98
1-Aug-98
1-Feb-99
1-Aug-99
1-Feb-00
1-Aug-00
1-Feb-01
1-Aug-01
1-Feb-02
1-Aug-02
1-Feb-03
1-Aug-03
1-Feb-04
1-Aug-04
1-Feb-05
1-Aug-05
1-Feb-06

Payment
-96.8503
4.4375
4.4375
4.4375
4.4375
4.4375
4.4375
4.4375
4.4375
4.4375
4.4375
4.4375
4.4375
4.4375
4.4375
4.4375
4.4375
104.4375

Yield to maturity
XIRR
YIELD

9.6460%
9.4347%

Notes
XIRR is the actual IRR of the payments, taking
actual bond payment dates
YIELD is the standardized yield assuming 30 d

Current yield

9.170%

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3 days / 184)*100
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16
er calculates accrued
interest based on
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=3/180*8.875/2.
18 This gives
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23 <-- =XIRR(B22:B39,A22:A39)
24 <-- =YIELD(B4,B7,B5,B6,100,2)
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26
ual IRR of the 27
payments, taking into account the
nd payment dates
28
andardized yield
29 assuming 30 day months (360 day years)
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32 <-- =B5*100/B6
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39

A
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GE BOND
Settlement date (current date)
Bond coupon
Price
Maturity
Date of last interest payment
Date of next interest payment
Days from last interest to settlement
Days from last interest to next interest

4-Aug-97
5.880% <-- Interest paid semiannually
95.0117
15-Sep-08
15-Mar-97
15-Sep-97
142
184

Invoice price calculation

Price
Accrued interest
Invoice price

95.0117
2.2689 <-- Should be 5.880%/2 * 142 days / 184
97.2806
Note: Bloomberg calculates accrued interest
30 day months: =139/180*5.88/2. This gives
2.270333333

Yield calculation
Date

Payment
4-Aug-97
15-Sep-97
15-Mar-98
15-Sep-98
15-Mar-99
15-Sep-99
15-Mar-00
15-Sep-00
15-Mar-01
15-Sep-01
15-Mar-02
15-Sep-02
15-Mar-03
15-Sep-03
15-Mar-04
15-Sep-04
15-Mar-05
15-Sep-05
15-Mar-06
15-Sep-06
15-Mar-07
15-Sep-07
15-Mar-08
15-Sep-08

-97.2806
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
2.94
102.94

Yield to maturity
XIRR
YIELD

6.6181%
6.5167%

Notes
XIRR is the actual IRR of the payments, taking
actual bond payment dates
YIELD is the standardized yield assuming 30 d

Current yield

6.189%

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erg calculates accrued
interest based on
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=139/180*5.88/2.
18
This gives
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23 <-- =XIRR(B22:B45,A22:A45)
24 <-- =YIELD(B4,B7,B5,B6,100,2)
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26
ual IRR of the 27
payments, taking into account the
nd payment dates
28
andardized yield
29 assuming 30 day months (360 day years)
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32 <-- =B5*100/B6
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