About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds Other Sites:   sharetrader.co.nz  |   stockguru.co.nz
 
sharemarket
NZX 50 Index 3225.14 1.70
S&P/ASX 200 4818.10 3.90
Dow Jones Industrials 10611.80 44.50
rss  Twitter    rss  Facebook    rss  RSS

Forum Archive Index - June 2003

Please note usage of the Forum is subject to the Terms & Conditions.

 
Messages by Date [ Next by Date Previous by Date ]
Messages by Thread [ Next by Thread Previous by Thread ]
Post to the Forum [ New message Reply to this message ]
Printable version
  

[sharechat] Capital Notes & yeild

From: "Peter Hargraves" <peter@qcgroup.co.nz>
Date: Mon, 30 Jun 2003 11:16:15 +1200

Title: Memo
 

 Can someone help me with the calculation of the return or yield from a capital notes purchase?

 

Details:

 

Face value $30,000 at 8.5% yield.

 

Total purchase cost is $30,351.70

 

Advised this includes $103.94 accrued interest plus $248.68 brokerage at a "net return" of 8.37%

 

No way can I make these figures add up.

 

If I subtract the accrued interest & the brokerage I get $29,998.64 paid for a note that has a face value of $30,000 at 8.5%. Surely my return is greater than 8.5%??

 

How does this work?What am I missing?

 

Regards

Peter H.

 

 

 

Replies

 
Messages by Date [ Next by Date: [sharechat] VCR--First Patient fitted G Stolwyk
Previous by Date: Re: [sharechat] The Rational Investor ? tennyson@caverock.net.nz ]
Messages by Thread [ Next by Thread: Re: [sharechat] Capital Notes & yeild John H T Wilkinson
Previous by Thread: [sharechat] VCR--First Patient fitted G Stolwyk ]
Post to the Forum [ New message Reply to this message ]

 
Sharemarket News By Email
AM Update (daily) - View sample
News Alerts - View sample
After the Bell (daily) - View sample

More info - RSS feeds - Unsubscribe/Update

At a Glance
NZX 50 Index 3225.14 1.70
S&P/ASX 200 4818.10 3.90
Dow Jones Industrials 10611.80 44.50
Stock Quote
Exchange:
Stock Code:
Don't know the stock code? Search by keyword:
Keyword:
Comment & Analysis

“ Fund managers bleary from a night celebrating the success of their own kind awoke Thursday morning to news that an outsider, and upstart competitor, had slipped up. After weeks of controversy the resignation of Peter Huljich from the investment/KiwiSaver company he started was not really surprising. Few rivals will miss him but the mood amongst [...] ”
David Chaplin  More »

David Chaplin

© Copyright 2010 Tarawera Publishing Limited. All Rights Reserved.