Monroe 3180 用户指南
MONROE TRADER II
11
SECURITY CODE O
Security Code 0 calculates Municipal, Corporate, and Federal Agency Bonds as well as any security
which pays periodic interest on a 30/360 (30 day month/360 day year) calendar. Refer to Appendix B for
a more complete list of securities and the day count basis.
PRICE AND YIELD TO MATURITY
EXAMPLE:
A 8.5% Municipal Bond maturing on April 9, 11996 is sold to yield 9%. Find the dollar
price and the current yield.
ENTER PRESS RESULTS
DISPLAYED
0
CODE
Security Code 0
6.2487
SETTLEMENT
Settlement Date Wed. 06-24-87
DATE
To FED/MUNI switch and status line should be set as follows for this example:
To FED/MUNI switch and status line should be set as follows for this example:
FED/MUNI SWITCH to MUNI
ENTER PRESS RESULTS
DISPLAYED
8.5 COUPON Coupon
Rate
8.500%
4.0996
MAT
Maturity Date Tue.
04-09-1996
DATE
END
9 TO
END
9 TO
Price
96.983(M)
PRICE
CURR
Current Yield 8.764%
YIELD
The same bond is bought at a price of 96.5. What is the yield to maturity?
The same bond is bought at a price of 96.5. What is the yield to maturity?
ENTER PRESS RESULTS
DISPLAYED
96.5
TO
Yield 9.083% (M)
YIELD
NOTE: Since the settlement date, maturity date and coupon had already been stored, they need not be
re-entered.
NOTE: Since the settlement date, maturity date and coupon had already been stored, they need not be
re-entered.
C=0 PER 30/360 SEMI 06-24-87 MATURITY