A price of a futures contract for U.S.Treasury bonds listed as "111-15" is measured in: A)32^nds. B)12^ths. C)4^ths. D)dollars; it stands for $111.15 but a dash is used instead of a period.

Name: A price of a futures contract for U.S.Treasury bonds listed as "111-15" is measured in: A)32 nds . B)12 ths . C)4 ths . D)dollars; it stands for $111.15 but a dash is used instead of a period.
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Futures contracts for U.S. Treasury bonds are quoted in 32nds of a point. The price "111-15" means 111 and 15/32nds.

A Price of a Futures Contract for U