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Example:
Calculate the average life and date of average life for the following issue:
GROUP
1
2
3
4
ENTER
0
6.2487
Set the FED/MUNI switch and status line as follows:
FED/MUNI SWITCH to MUNI
ENTER
6.5
6000
Goup 1
9.0194
9.0199
80
Settlement date June 24, 1987
Coupon 6.5%
Total bonds outstanding 6000
Final Maturity date March 1, 2009
BEGINNING DATE
September 1, 1994
September 1, 2000
March 1, 2002
March 1, 2006
PRESS
CODE
SETTLEMENT
DATE
PRESS
COUPON
BEGIN,
AVG
LIFE
CALL
DATE
BEGIN
MAT
DATE
END
AVG
LIFE
ENDING DATE
September 1, 1999
September 1, 2000
September 1, 2005
September 1, 2008
RESULTS DISPLAYED
Security code 0.
Settlement Date Wed. 06-24-1987
C=0 PER 30/360 ANNL 06-24-87 MATURITY
RESULTS DISPLAYED
Coupon Rate 6.500%
6,000 Bonds Outstanding
Call Date Thur.
Maturity Date Wed.
5,520 Bonds Remaining
MONROE TRADER II
NUMBER RETIRED
80 Annually
40 Semi-Annually
80 Semi-Annually
95 Semi-Annually
09-01-1994
09-01-1999
39
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