Commodity Fraction?

warlord at MIT.EDU warlord at MIT.EDU
Mon Apr 2 18:59:14 EDT 2007


The fraction is how many decimal places the commodity can reference
by default.  For example, the USD only has 1/100 as the smallest
quanta you can have.   Many stocks are generally 1/1000, but sometimes
it's 1/10000.

-derek

Quoting "John K. Taber" <jktaber at charter.net>:

> One of the fields involved in defining an investment in the Commodity
> Editor is "Fraction."
>
> I'm baffled what to enter, and the purpose of this field.
>
> Suppose I'm trying to enter 25 bond notes of 1,000 dollars each. What
> should be entered? The default is 1/10000.
>
> Would somebody be kind enough to illustrate Fraction with several kinds
> of securities?
>
> For common stock, the context help says 1/1, but I'm still puzzled as to
> purpose of this fraction.
>
> BTW, I notice that "type" does not include bonds of any kind. Any way
> around this?
>
> John
>
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