unofficial microsoft.public.money FAQ and A
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Q) How come my bond fund investment is off by a factor of 100?
A) Bond funds are not bonds. They are mutual funds. Bonds in real life and in Money are priced as a percentage of total face (par) value, as they are in quotes from brokers. The price of a bond bought at a 10% discount from face value would be 90.0. Prices over 100 would be bonds bought at a premium. Mutual funds, like bond funds, are priced in Money by the price per share. (Thanks to Cal Learner -- MVP for an important rewrite to this question.) See also "I bought a $1,000 bond for $850--Money tells me it cost $85. What gives?" for the corollary question about the pricing of real bond investments.
Please see this disclaimer if you are using Money 2005 or this comment if you are using Money 2006.
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Last update: 10 December 2006 |
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