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Why is Money Calculating Quantity x Price incorrectly???? RRS feed

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    Hi all,

    Please, see the image below:

    http://screencast.com/t/nOxM4NYg8sv2

    I have bought 14 shares of LTN 010112 at $913. I would like to know why Money insists on setting the TOTAL to something far away from 14*913.

    Here is the account settings where LTN 010112 is

    http://screencast.com/t/YloIHrCml

    And here is the detail of the LTN 010112

    http://screencast.com/t/njWvp3s6ilfq

    Please, could someone give me hint to solve this problem?

    Friday, March 25, 2011 2:05 AM

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    Yes. The price of a bond is expressed as a percent of face value. The quantity would be face value. So if your bond has a face value, then this might be appropriate. If you paid $5000 for $8000 face value bond, the quantity would be 8000. The price would be  62.5. Usually you would leave the price blank, and enter 5000 for the total. Let Money computer the price.  If the bond just pays interest, you would probably be better calling this a CD. That gets a little complex too... So you might describe the way your bond works, and somebody may be able to help you get that set up.


    If is was a bond mutual fund (mutual fund that contains bonds), you should set this up as a mutual fund.

    Friday, March 25, 2011 5:40 AM
    Moderator