TraderPDQ 1.0

(c) Copyright 1995 NewtwarePDQ 
(c) Copyright 1995 Lorraine Monica

All Rights Reserved.

For Additional Information Contact: monica@openix.com
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1.      TraderPDQ Version 1.0

	TraderPDQ is a securities pricing calculator. It calculates the
	price, yield and discount for Bonds, Notes, and Bills.


2.      Distribution

	TraderPDQ is distributed electronicly as Freeware.  Freeware allows
	you to try and use an application without purchase. If you continue
	to use TraderPDQ, you are requested to send in the NO FEE 
	registration.


3.      Registration

	Registration is free.  Users will receive bug notices/fixes, update 
	notices/discounts, and input into future versions.

	Registration Information:

		 Your name:
		 Address:
		 Email:
		 Comments:
		 Do you have a Mac or DOS PC?
		 Where did you get TraderPDQ? 


	Email to: 

		monica@openix.com

4.      Disclaimer

	Users of TraderPDQ must accept the following disclaimer of warranty: 

	"TraderPDQ is supplied as is. The author disclaims all warranties,
	 expresed or implied, including, without limitation, the warranties
	 of merchantability and fitness for any purpose.  The author assumes
	 no liability for damages, direct or consequental, which may result
	 from the use of TraderPDQ."


5.      Limitations

	TraderPDQ quotes price less accrued interest.

	TraderPDQ does not directly handle calls.  Calls can be priced by
	using the call date as maturity, and call price as the redemption
	value.

	TraderPDQ does not support odd coupon securities settling in an
	odd period.

	TraderPDQ does not support stepped coupons.


6.      Periodic Interest - Bonds

	Bonds pay interest (coupons) on a regular basis and principal at
	maturity.

	Required inputs: 

		Settlement, maturity, redemption value and coupon rate.

	To calculate yield: 

		Enter price and press ToYield button.

	To calculate price: 

		Enter yield and press ToPrice button.


7.      Interest at Maturity - Notes

	Notes pay interest and principal at maturity.

	Required inputs: 

		Settlement, dated, maturity, redemption value and interest
		rate.

	To calculate yield: 

		Enter price and press ToYield button.

	To calculate price: 
		
		Enter yield and press ToPrice button.


8.      Discount Securities - Bills

	Bills are sold at a discount and accrue to redemtion value at
	maturity.

	Required inputs: 

		Settlement, maturity, and redemption value.

	To calculate yield: 

		Enter price and press ToYield button.

	To calculate price: 

		Enter discount rate and press ToPrice button.

	To calculate discount: 

		Enter price and press ToDiscount button.


9.      Type, Interest, Basis, Display

	The Type picker selects the security type.

	The Interset picker selects the periodic payment frequency.

	The Basis picker selects the day count method for the security.

	The Display picker selects Fed or Muni pricing formats.


10.     Future Enhancements

	Enhancements to TraderPDQ (if there are some registered users)
	could include:

		Preferences for pickers

		Support for calls

		Odd/stepped coupons

		Bond details view for:
			durations
			PVBP
			YV32
			Total payments
			etc.

		Storage of bond portfolios

		Bond swaps

		Other analytics.

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