If a USTreasury Note Has a Bid Price of $975,the Quoted Bid

question 32

Multiple Choice

If a U.S.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

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Definitions:

Valence

In psychology, the extent to which a person values the expected outcome of an action; in chemistry, the combining power of an element.

Expectancy

The anticipated outcome or occurrence of an event, often used in the context of probability or investment returns.

Imputed Interest

The interest rate that is considered or assumed in the calculation of the cost of a decision, not explicitly paid.

Residual Income

The amount of income that an individual has after all personal debts and expenses have been paid from his or her earnings.