Series 52: 2.3.2. Dollar Bonds And Bond Points

Taken from our Series 52 Online Guide

2.3.2. Dollar Bonds and Bond Points

Certain long-maturity revenue bonds are quoted in terms of their dollar prices. These are called dollar bonds. The current market price is quoted as a percentage of par value. Municipal notes are also quoted this way.

Dollar bond quotes are given in bond points. A bond point represents one hundredth, or one percent, of par. Ten bond points is 10% of par; fiv

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