U.S. Treasury and Government Agency Debt Flashcards
(3 cards)
1
Q
Chapter 8 – U.S. Treasury and Government Agency Debt
What is the value of every 1 point (1% of $1,000) for T-notes, T-bonds, and agency securities?
A
$10.00
2
Q
Chapter 8 – U.S. Treasury and Government Agency Debt
What is the value of every 1/32 of a point for T-notes, T-bonds, and agency securities?
A
$0.3125
3
Q
Chapter 8 – U.S. Treasury and Government Agency Debt
To calculate the price of a government or agency security quoted in 32nds, you must _______.
A
Convert the fraction into a decimal and multiply the amount by the par value
