If a Treasury Note Has a Bid Price of $975

question 35

Multiple Choice

If a Treasury note has a bid price of $975, the quoted bid price in the Wall Street Journal would be

• A) 97:50.
• B) 97:16.
• C) 97:80.
• D) 94:24.
• E) 97:75.

---

Definitions:

Units-of-Production Method

A depreciation method that allocates expense based on the actual usage or output of the asset, reflecting its wear and tear more accurately.

Depreciation Expense

A financial approach to distribute the expense of a physical asset throughout its operational lifespan.

Residual Value

The estimated value that an asset will have at the end of its useful life, after factoring in depreciation or amortization.