You turn to the Treasury bond market page of a newspaper and look under the column headed "Bid" and see that it says,"125:8" this indicates that

Question

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The "Bid" price in the Treasury bond market is quoted in 32nds of a point. "125:8" means 125 and 8/32, which is equivalent to 125.25. Since Treasury bonds are quoted in terms of $1,000 face value, the price is $1,252.50.

You Turn to the Treasury Bond Market Page of a Newspaper