Monroe 3180 User Manual page 11

EXT Accepts the entry of a quantity of securities, per thousand face value, (or uses previously
stored number) to compute extended price less concession (principal amount) and
accrued interest.
DISPLAY, Accepts the entry of a quantity of securities, per thousand face value, (or uses previously
EXT stored number) to compute net amount (extended total).
TAX Accepts income tax rate and capital gains rate, as percentages, to be used in all the
RATE after-tax calculators.
DISPLAY, TAX RATE displays the most recent entries.
AFTER Computes an after-tax yield using the previously calculated (price and yield) values in
TAX conjunction income and capital gains tax rates. DISPLAY, AFTER TAX performs after-
tax-yield to price calculation.
DISPLAY, (After-tax-yield to price) Accepts the after-tax-yield and calculates before-tax dollar price
AFTER for a given tax rate or rates and a specific after-tax yield. Enter the after-tax yield and
TAX depress DISPLAY, AFTER TAX.
DUR Calculates the duration and modified duration of coupon security (Security Codes 0, 1,
and 6).
DISPLAY Calculates the duration and modified duration of a coupon security without accrued
DUR interest.
VAL Accepts the number of basis points (up to 99), and calculates the difference in dollar
price, between the last entered (or calculated) price and the dollar price at the yield plus
the entered basis points. If no entry is made, this key automatically assumes 5 basis
points for codes 0, 1, and 6; adds 1 basis point to the discount rate for Code 5.
DISPLAY, Accepts the number of 32
VAL currently entered (or calculated) yield and the yield at the dollar price plus the entered
nds
32 (thirty second of a point). If no entry is made, this key sequence automatically
assumes 1/32
N Accepts a total number of compounding periods; or pressing this key without a number
entry, calculates the total number of periods. This number can represent days, weeks,
months or any other tie unit, but always corresponds to the number of COUPONS PER
YEAR entry. For example, if COUPONS PER YEAR is set to 2, then the total number of
compounding periods for five years is 10. DISPLAY, N will display the most recent entry
stored.
PRESENT Accepts a present value amount; or pressing this key without a number entry, calculates
VALUE the present value. a present value can be calculated for a future value and/or the resent
value of a series for future payments. DISPLAY, PRESENT VALUE will display the most
recent entry stored.
8
Each percentage is two digits, separated by a decimal point.
nds
, and calculates the difference in basis points between
nd
for all security codes.
MONROE TRADER II