Monroe 3180 用户指南
MONROE TRADER II
14
YIELD TO INVESTOR
The CALL/MATURITY mode can also be used to calculate “yield to the investor” for a bond currently
held. To calculate the yield to investor, treat the bond as if it were called. Enter the market price on the
CALL PRICE key, and settlement date on the CALL DATE BEGIN key.
EXAMPLE:
held. To calculate the yield to investor, treat the bond as if it were called. Enter the market price on the
CALL PRICE key, and settlement date on the CALL DATE BEGIN key.
EXAMPLE:
A 5.5% agency bond was purchased on July 12, 1971 for 81.75 and is currently selling
for 91.645. What is the investors yield, if the bond is sold on June 24, 1987.
ENTER PRESS RESULTS
DISPLAYED
0
CODE
Security Code 0.
7.1271
SETTLEMENT
Settlement Date Mon. 07-12-71
DATE
The status line should be set as follows for this example:
The status line should be set as follows for this example:
ENTER PRESS RESULTS
DISPLAYED
5.5 COUPON Coupon
Rate
5.500%
6.2487
CALL
Call Date Wed.
06-24-87
DATE
BEGIN
BEGIN
91.645
CALL
Call Price 91.645
PRICE
81.75
TO
Yield 7.146% (C)
YIELD
BOND EXTENSIONS
BOND EXTENSIONS
After a price or yeld calculation, securities may be extended, taking into account a concession, if any.
The extension calculates the principal and accrued interest amounts as well as the net amount.
To calcualte bond extension, do a price or yield calculation in the normal way. If there is a concession,
enter it in dollars per hundred par value and press CONC. The price less concession is displayed. With
or without the concession, enter the number of bonds (per thousand) and proceed with one or both of the
following functions:
The extension calculates the principal and accrued interest amounts as well as the net amount.
To calcualte bond extension, do a price or yield calculation in the normal way. If there is a concession,
enter it in dollars per hundred par value and press CONC. The price less concession is displayed. With
or without the concession, enter the number of bonds (per thousand) and proceed with one or both of the
following functions:
KEY FUNCTION
EXT
Extended price (less concession, if any) and accrued interest.
DISPLAY/EXT
Extended net amount (extended price less concession plus accrued interest).
C=0 PER 30/360 SEMI 07-12-71 CALL