If a Treasury note has a bid price of $995, the quoted bid price in the Wall Street Journal would be
A) 99:50.
B) 99:16.
C) 99:80.
D) 99:24.
E) 99:32.

Name: If a Treasury note has a bid price of $995, the quoted bid price in the Wall Street Journal would be A) 99:50. B) 99:16. C) 99:80. D) 99:24. E) 99:32.
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Quizplus · Accepted Answer

Treasury notes are quoted in 32nds of a point. A bid price of $995 on a $1,000 face value note translates to 99.5% of par value, which is 99 and 16/32, or 99:16.

If a Treasury Note Has a Bid Price of $995