Commodity Fraction?

[Derek Atkins]

Yep!

-derek

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

> I think I understand, so let me test it.
>
> Mutual funds, for example, report shares to the 1/1000. A typical figure
> is 250.321 shares for fund XYZXX. So, entering this commodity, I would
> set the fraction to 1/1000.
>
> However, money market mutual funds report shares to the hundredth (that
> is, to the penny). So for money market fund ABCDX, I would set the
> fraction to 1/100.
>
> In contrast, treasury prices are tracked in percentages of $100 worth.
> The latest 2 year note was auctioned at 99.973043 per every $100 worth.
> However, this is prices, not number of notes. The number of notes is
> always integers, so I should set fraction to 1/1.
>
> Do I have it now?
>
> John
>
>> From: warlord at MIT.EDU [mailto:warlord at MIT.EDU]
>>
>> 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.
>
> snip
>
>
>



-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available