Series 7 - General Securities Representative Exam

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A Treasury bond has decreased in value from 99.3 to 98.9. The bond has decreased by

$1.25 per $1,000 par value
A
$1.50 per $1,000 par value
B
$0.50 per $1,000 par value
C
$0.25 per $1,000 par value
D

Explanations

T Bonds are quoted in 32nds. The bond decreased by 4/32. Each point is $10.00. 4/32 of 10 is 1.25