Monroe 3180 Guía Del Usuario
MONROE TRADER II
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.
ENTER PRESS RESULTS
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:
ENTER PRESS RESULTS
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
DISPLAY, EXT displays the extended par amount
ENTER PRESS RESULTS
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