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Answer :
If a treasury note has a bid price of $995, the quoted bid price in the wall street journal would be 31:84, the correct option is e.
To determine the quoted bid price in the Wall Street Journal for a treasury note with a bid price of $995, we need to convert the bid price to a fractional representation.
The bid price for treasury notes is typically quoted in 32nds of a point. Therefore, we divide the bid price by 1,000 and multiply it by 32 to get the fractional representation.
Let's calculate it:
$995 / $1,000 = 0.995
0.995 * 32 = 31.84
The fractional representation is approximately 31.84.
Therefore, the quoted bid price in the Wall Street Journal would be 31:84, the correct option is e.
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The complete question is:
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) 31:85
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