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Once the number of bonds has been entered using one of the above methods, that number of bonds
remain stored and need not be re-entered to proceed to another extension. The number of price or yield
is calculated.
EXAMPLE:
A 6% Municipal Bond maturing on October 25, 1990 at a price of 90. Find the yield, the
extended principal, accrued interest and net amount for 100 bonds sold on June 24, 1987.
ENTER
0
6.2487
Set the FED/MUNI switch and status line as follows:
ENTER
6
10.2590
90
Enter the number of bonds and press EXT
ENTER
100
To see the extended principal plus the accrued interest:
ENTER
What is the accrued interest, for 2000 bonds?
ENTER
200
PRESS
RESULTS DISPLAYED
CODE
Security Code 0.
SETTLEMENT
Settlement Date Wed. 06-24-1987
DATE
C=0 PER 30/360 SEMI 06-24-87 MATURITY
PRESS
RESULTS DISPLAYED
COUPON
Coupon Rate 6.000%
MAT
Maturity Date Thur.
DATE
END
TO
Yield 9.566% (M)
YIELD
PRESS
RESULTS DISPLAYED
EXT
Prtn 90,000.00 Int
PRESS
RESULTS DISPLAYED
DISPLAY,
Net Amount 90,983.33
EXT
PRESS
RESULTS DISPLAYED
EXT
Prtn 180,000.00 Int
MONROE TRADER II
10-25-1990
983.33
1,966.67
15
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