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edited July 2020
I am not exactly new to Quicken... but there is one thing that I have yet to be able to understand regarding the buying and selling of bonds:
Bonds values are expressed as a percentage 102%, 96% etc... If I use the above in "Buy Bonds", I just cannot make my records match with the reality because entering the purchase of 25'000 Bonds XYZ at 102.45% in Quicken gives me: 25'612'500.
I have to type 0.10245 to get the real value of 25'612.50
However, on the ledger it shows that I bought 250'000 shares (instead of 25'000) at 0.10245 (instead of 102.45%).
To circumvent this, I have been using "buy shares" and fill up the security details as "Bonds", so as to be able to keep my books at their correct level of actual Bonds and Values.
When updating the value of my Bonds, I would use for example 1.0245 (to take the same example as above) for 102.45%.
Could someone kindly explain to me what my comprehension does not grasp, please, what is Quicken rationale for this kind of operation?
Many thanks.