Number Of Days; Computing Days Between All Dates - Monroe Trader III User Manual

CALL DATE> (use 12.0100) and <1ST CALL PRICE> (use 102.000). A new line
will be shown above the MATURITY DATE line. Enter a second call <2ND CALL
DATE> (use 12.0108) and <2ND CALL PRICE> (use 100.000) All dates entered
are shown in chronological order regardless of the order of entry.
If you enter an illegal date (a date before the SETTLEMENT DATE or a date after
the MATURITY DATE, an error BEEP will be sounded and an error message will
appear in a small window. The data will not be accepted.
After both the date and price are entered the new YIELD to PRICE calculations
will occur automatically. Notice the lowest PRICE will be highlighted. And, hold
onto your hats, if the PRICE TO EITHER CALL is lowest the YIELD TO
MATURITY will be computed and displayed automatically in a WINDOW. We call
this window the "kicker window".
The lowest price is used for the Principal & Interest extensions, Mark Up/Down,
After Tax Yields, etc.
The calculator will use the lowest price or yield (depending upon which was the
computed value) in any calculation performed after the Price/Yield computation.
The calculator results can also be re-entered into the Bond Trader as a Price or
Yield.
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<NUMBER OF DAYS> or Days Between Dates
Now, with the Issue plus Call data on the screen, let's see how many days there
are between all the dates by pressing <NUMBER OF DAYS>. Any open
WINDOW will be cleared automa-tically when the new WINDOW opens.