>U.S. bonds and some stock prices were once quoted in fractions rather than decimals (typically in sixteenths or thirty-seconds). For example, a bond price might appear as 101 8/32. This means $101 and 8/32 of a dollar, or $101.25 in today's notation.
>U.S. bonds and some stock prices were once quoted in fractions rather than decimals (typically in sixteenths or thirty-seconds). For example, a bond price might appear as 101 8/32. This means $101 and 8/32 of a dollar, or $101.25 in today's notation.
Delightful.
I was expecting some pre-Euro lore about converting dollar-formatted strings to francs or Deutsche Marks.
Every day, a new horror