Note Extensions; Mature Notes (Codes 2, 3 And 4) - Monroe 3180 User Manual

NOTE EXTENSIONS

Extensions for these securities are done in exactly the same manner as for Code 0 securities, except the
number of bonds entry prior to the extension is replaced with the face value is retained and does not have
to be re-entered for subsequent extensions.
For example, calculate the extended principal, accrued interest and net amount of the note in the
previous example.
ENTER
450

MATURE NOTES (CODES 2, 3 and 4)

To calculate interest on mature securities in Code 2, 3 and 4, simply enter the maturity date on both the
MAT DATE END and SETTLEMENT DATE keys. Enter issue date and interest rate as usual, and use
EXT to find the net interest.
EXAMPLE: A 500,000.00 certificate of deposit issued May 4, 1987, when sold on June 24, 1987, and
matures on November 3, 1987, with interest at 5.25%. Calculate the total extended price, and the interest
due at maturity.
ENTER
3
6.2487
follows:
FED/MUNI SWITCH to FED
ENTER
5.0487
11.0387
5.25
5.5
500
28
PRESS RESULTS DISPLAYED
EXT Prin
DISPLAY, Net Amount 459,537.50
EXT
PRESS RESULTS DISPLAYED
CODE Security Code 3.
SETTLEMENT Settlement Date Wed. 06-24-1987
DATE Set the FED/MUNI switch and status line as
C=3 MAT ACT/360 SEMI 06-24-87 MATURITY
PRESS RESULTS DISPLAYED
ISSUE/ Iss/Dated Due Mon.
DATED
MAT Maturity Date Tue
DATE
END
COUPON Coupon Rate 5.250%
TO Price 99.895443 (M)
PRICE
DISPLAY, Net Amount 503,195.98
MONROE TRADER II
452,2500.00 Int
05-04-1987
11-03-1987
7,287.50