Security Code 1 - Monroe 3180 User Manual

SECURITY CODE 1

Code 1 calculates Government Bonds as well as any coupon security which pays periodic interest on an
Actual (Actual days in a month/actual days in a year) calendar. All of the calculations and options
available in Code 0 can also be performed using Code 1. Refer to Appendix B for a more complete list of
securities and the day count basis.
EXAMPLE: A 8.5% Government Bond due on December 20, 1999 is sold at 104 3/32. Find the yield
to maturity, current yield, and extended net amount for 100 bonds.
ENTER
1
2
6.2487
The status line should be set as follows for this example:
ENTER
8.5
12.2099
104.03
100
24
PRESS RESULTS DISPLAYED
CODE Security Code 1.
COUPONS Coupons/Year 2.
PER YEAR
SETTLEMENT Settlement Date Wed. 06-24-87
DATE
C=1 PER 30/360 SEMI 06-24-87 MATURITY
PRESS RESULTS DISPLAYED
COUPON Coupon Rate 8.500%
MAT Maturity Date Mon.
DATE
END
nds
32 104.09375
TO Yield 7.976% (M)
YIELD
CURR Current Yield 8.166%
Yield
EXT Prin 104,093.75 Int
DISPLAY Net Amount 104,186.65
EXT
MONROE TRADER II
12-20-1999
92.90