On Sat, 08 Jul 2000, you wrote:
>
>
> Stocks can also be in fractional shares, thanks to things like stock
> splits and "share-dividends".
>
This I can atest to - one of the insurance companies I deal with converted
from a mutual to public a few years back. Each policy owner got shares based on
their policy. I got a whopping 16.xxx shares. They gave everybody the option of
immediately selling through them. I have kept the shares, i.e., an entry in
their books, just for the heck of it. Selling 16.xxx shares just wasn't worth
the time and effort to return a stamped, self-addressed envelop. Every year I
get a dividend of 0.xxxx cents (thats the number of decimal places they carry
in their correspondence and I assume their books). So every year they buy me
another 0.xxx shares. I now have the grand total of 33.166 shares (they split
two for 1).
I find it amusing (that's the main reason I haven't bothered trying to sell) to
every year get this statement with a dividend of so many cents carried out to
the fourth decimal point. That's 1/10,000 of a cent - they really do keep track
of it that close (I'm assuming - otherwise they are wasting a lot of paper and
postage telling their shareholders they do).
So in order for gnucash to keep track of this stock for me, it would have to
keep track of stock to within 1/1,000 of a stock unit and money (US) to within
1/10,000 of a cent. If that isn't reasonable I can understand - I'll just keep
letting the insurance company keep it on their books and track it for me :-)
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