Dated Bonds - Monroe 3180 User Manual

DATED BONDS

To calculate extensions for bonds which have an irregular first coupon (Dated Bonds), enter the dated
date then press ISSUE/DATED. Then proceed in the normal manner as for regular bonds. The dated
date may be entered at any time prior to performing the calculation for which is to be used. The dated
date will remain stored until it is removed by entering 0 and pressing the ISSUE/DATED key.
EXAMPLE: Find the accrued interest for 10 Municipal Bonds dated January 15, 1987 and sold June
24, 1987. The coupon value is 8% the maturity date is June 1, 1994 and the yield is 9.25%.
ENTER
0
6.2487
Set the FED/MUNI switch and status line as follows:
ENTER
1.1587
8
ENTER
6.0194
9.25
10
Clear the dated date:
ENTER
16
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
ISSUE/ Iss/Dated Date Thu.
DATED
COUPON Coupon Rate 8.000%
PRESS RESULTS DISPLAYED
MAT Maturity Date Wed.
DATE
END
TO Price 93.693(M)
PRICE
EXT Prin 9.369.30 Int 353.33
DISPLAY, Net Amount 9,722.63
EXT
PRESS RESULTS DISPLAYED
0. Iss/Dated Date
ISSUE/
DATED
MONROE TRADER II
01-15-1987
06-01-1994
00-00-0000