Monroe 3180 ユーザーガイド

 

 30

SECURITY CODE 5 

 
 
Security Code 5 is used to calculate Treasury Bills and other discount instruments, such as banker’s 
acceptances, on an Actual/360 calendar.  Refer to Appendix B for a more complete list of securities and 
the day count basis.  Given the price, the discount rate is calculated.  The bond equivalent yield is also 
available (DISPLAY, TO YIELD).  In addition, the price and the total discount can be extended. 
 
ESAMPLE:   

A Treasury Bill is sold on June 24, 1987 at a 7.8% discount.  It matures on March 1, 1988.  

Calculate the price and effective yield. 
 
 

DISPLAYED 

 
 

 

5   

CODE 

Security Code 5. 

 
 

 

6.2487 

SETTLEMENT 

Settlement Date Wed.  06-24-1987 

 

 

 

 

DATE 

 
The status line should be set as follows for this example: 
 
 
 
 
 
 

DISPLAYED 

 
 

 

3.0188 

MAT 

Maturity Date Tue. 

03-01-1988 

 

 

 

 

DATE 

 

   

END 

 
 

 

7.8   

TO 

Price 94.5616667 (M) 

 

   

PRICE 

 
DISCOUNT EXTENSIONS 

For discounted securities, EXT calculates the extended amounts of principal and discount interest; 
DISPLAY, EXT displays the extended par amount 
 
 

DISPLAYED 

 
  

250 

  EXT 

Prin 

236,404.17 

Int 

13,595.83 

 
 

   

DISPLAY 

Net 

Amount 

250,000.00 

 

   

EXT 

 
After the price or discount rate calculation, the entered or calculated discount is not stored; DISPLAY, TO 
YIELD recalls the effective yield. 
 

C=5  DISC  ACT/360  SEMI  06-24-87  MATURITY