Question

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

Answer 1

the quoted bid price would be 97:16

Step-by-step explanation:

the quoted ask price will be 97:50

The quoted bid price is the price at which buyers are willing to purchase a security, while the quoted ask is the price at which sellers are willing to sell their securities. There is always a difference between both of them, and it is called the spread.