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0 . 0 7 2 = r ( 1 - 1 ) ; 0 . 0 7 2 = r ( 0 . 6 7

0.072=r(1-1);0.072=r(0.67);r=0.0720.67;r=0.1075=10.75%
If a Treasury note has a bid price of $975, the quoted bid price in the Wall Strect Joumal would be
A.97.50
B.97:16
C.9780.
D.94.24.
E.97.75
Treasuries are quoted as a percem of 31,005 and in 1383
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