MergeField Syntax error issue

Question

I am attempting to print an interest rate in a merge document. MERGEFIELD PNT_12 contains the number 4.625.  When I hit [alt] 9, the document says (!Syntax Error,<) but still works somewhat. Here are examples and results. Any thoughts would be appreciated.
{=INT({MERGEFIELD PNT_12})\# 00}
{QUOTE {=INT({MERGEFIELD PNT_12})\* CardText \*Caps
When I press
 [alt] 9 the above statements show
!Syntax Error, <
!Syntax Error, <
When the document is saved with the statements shown as !Syntax Error the results are:
four
04
Notice that the f is lower case even though there is a \*Caps switch.
When the document is saved with the mergefields toggled to see the Mergefield codes rather than the !Syntax Error, the results are:
Four
04
Notice that the f is now capitalized.
Question:  What is wrong with the syntax?

Answer 1

Word has two representations of the mergefield {MERGEFIELD PNT_12}
One is {MERGEFIELD PNT_12}, and the other is  «PNT_12» , where the << and >> are each single chevron characters (ascii 171 and 187). Normally, you wil never see the «PNT_12»
representation when it is nested inside a field such as { =INT() }. Word just deals with it, and provides the correct answer.
So what I suspect is happening is that Calyx is setting the value of PNT_12 to "<<PNT_12>>", possibly using two less than characters "<" and greater than characters ">" during preview, then inserting the actual value when you merge.
That would explain most of what you are seeing except the lower case result. As for that, I suppose it is possible that Calyx is interpreting the entire field code itself, but getting it wrong.
Peter Jamieson