A closing price of 101.375 on a particular day for an IBM bond represents 101.375 percent of

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A closing price of 101.375 on a particular day for an IBM bond represents 101.375 percent of $1,000, or 1.01375 × $1,000 = $1,013.75. Treasury bond prices are quoted in 32nds and may be shown as fractions, as in 100 14/32.

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Investments Analysis And Management

ISBN: 9781118975589

13th Edition

Authors: Charles P. Jones, Gerald R. Jensen

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Question Posted: Dec 24, 2023 01:46 AM

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A closing price of 101.375 on a particular day for an IBM bond represents 101.375 percent of

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Percentage Interpretation 101375 represents 101375 of 1000 meaning the bond ...View the full answer

Investments Analysis And Management

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