Let’s enter a Coupon and Maturity Date. Then enter a DOLLAR PRICE of 101.11
with the “.11” representing 11/32s. The <32nds> used after this entry will convert
the “.11” to the decimal equivalent and display both.
Enter 101.11
Press <32nds>
The entry of 101.11 for 101 and 11/32nds was converted into the decimal
equivalent. The entry is now shown with an apostrophe 101’11.000
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Entries may be made in any fractional amount of 32nds such as 101 and 12 1/8
32nds which is entered as 101.12125. Easier done than said.
The entry will appear as
101’12.125 = 101.37890625
The apostrophe before the number means 32nds.
When the <TO YIELD> is computed the entered DOLLAR PRICE is shown in
decimals as entered. Also, the number of 32nds (decimal portion of the Dollar
Price) is displayed to the right of the entered or computed Dollar Price.
A picture is still worth a thousand words! And another one of those “hold on to
your hat” items. The VALUE of 1/32 is also computed and displayed..... Not bad!
