Re: stock split inconsistencies in FM 4.0

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In Reply to: Re: stock split inconsistencies in FM 4.0 posted by George Timms on May 27, 1999 at 20:32:40:

: : IBM split 2 for 1 today (5/27).

: : If I enter the split transaction with today's date
: : (5/27), the Cost/Value graph is correct but the
: : Portfolio Value report for today is wrong (value
: : is half what it should be).

: : If I enter the split with yesterday's date (5/26),
: : the Cost/Value graph is wrong (spikes yesterday and
: : returns to normal today) but the Portfolio Value
: : report for today (5/27) is correct.

: : Am I correct to assume the date of a split transaction
: : should be the effective date of the split (so the
: : graph is correct and the report is wrong)?

: More info: The Portfolio Value report is correct
: when I turn on View|Split Adjusted, but is wrong
: without split-adjustment.

: The yeilds shown at the top of the graph (using
: View|Yeilds) appear to be wrong for today (5/27)
: regardless of whether I turn split-adjustment
: on or off. The yeilds for a graph ending either
: yesterday (5/26) or tomorrow (5/29) are
: consistent, but those shown for today are much
: lower,

Hi George,
Thanks for the bug report and details. You
are correct, this is a bug. There is a problem
with calculating the number of shares on the
date of a split when split adjusted is turned
off. This will be fixed for FM 4.1.

Thanks,
Mark

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