If the price source is set to Use Morningstar Price, prices come from Morningstar's price tables for any security Morningstar tracks. For user defined securities or Morningstar securities with the price source set to Import, we get prices from user-entered prices or imported prices.
We use imported or user-entered prices for bonds. A bond's price is always percent of par value. We use the following formula to calculate bond market value:
Bond Market Value = Quantity x Price % x Par Value x Price Factor
If a Morningstar security is set to the Use Imported Price source, we use the imported price for that security.
The transaction price is used to calculate cost basis and gain/losses. When there is no price for the security, we use the transaction price to calculate market value.
You can update import prices by importing price files or by manually entering prices in the definition master. (Go to the Securities page and click the magnifying glass in the Prices column to open the Price schedules dialog box.)