Error 8: Calendar. HP 12C Platinum Financial Calculator, 12c

Appendix D: Error Conditions 249

Error 8: Calendar

Operation Condition

Ò

D

Improper date format or illegal date.

D

Attempting to add days beyond calculator’s date capacity.

E

S

Improper date format or illegal date.

More than 500 years between settlement

(purchase) date and maturity (redemption) date.

Maturity date earlier than settlement date.

Maturity date has no corresponding coupon date

(6 months earlier).

*

Error 9: Service

Refer to Appendix F.

Pr Error

z z

Continuous Memory has been reset. (Refer to Continuous Memory, page

86.)

You have reset the calculator using the reset hole (see page 261).

* This is the case for the 31st of March, May, August, October, and December, plus August 29

(except in a leap year) and 30. For example, there is no September 31, so March 31 has no corresponding coupon date 6 months earlier.

To correct this problem for all maturity dates except August 29 and 30, add one day to both the settlement date and the maturity date in your calculations. For instance, if a bond were purchased on June 1, 2004 (the settlement date) with a maturity date of December 31, 2005, you should change the dates to June 2, 2004 and January 1, 2006 for your calculations.

For August 29 and 30, there is no calculator solution that gives the correct answer.

File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 249 of 275

Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm