sixteenth

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Sixteenth

1. In bonds, 0.0625% of one point. This is used when quoting bond prices. For example, a bond may have the price of 95 3/16 points, meaning that the bond is selling for 95.1875% of its par value.

2. In stocks, 0.0625% of one dollar. This format was used when stocks were quoted in fractions instead of decimals. It is less common today.

sixteenth

One sixteenth of a point. For bond quotes, a sixteenth represents 1/16 of 1%. Thus, a bond quoted at 98 1/16 would indicate a price of 98 1/16 % of par, or $980.62.
References in periodicals archive ?
Description : Design, construction and inspection of a westbound 16th Street right-turn lane, approaching Pacific Avenue, along with traffic signal mast and controller replacement.
Sumitra Mahajan also has the distinction of being the woman MP with the most legislative experience in the 16th Lok Sabha.
Located on the corner of 48th Street and 16th Avenue in Borough Park, the property is a newly developed mixed-use building totaling four stories, including three residential floors above one ground floor commercial unit.
Ends/KH Salalah, Sep 11 (ONA) The international night of the 16th International Scout Gathering for Exchange of Culture and Civilization was opened at the permanent scout camp in Jabal Ashor Plain today under the patronage of Sheikh Salim bin Ufait al-Shanfri, Head of Dhofar Municipality.
Johnson's pitching wedge ace at the par three 16th was one of the highlights of day one at the Open.
On 5 June 2009, military police and their guests gathered at the Fallen Soldier Memorial, located at the headquarters of the 16th Military Police Brigade (Airborne), Fort Bragg, North Carolina, to pay tribute to their fallen comrades.
Murphy alternatively argued that the damages were not income within the 16th Amendment, and therefore could not be subject to tax.
The Spaniard, who finished second at the Abu Dhabi Golf Championship on Sunday, grabbed the first eagle of the day on the par-four 16th and also registered two birdies for a four-under-par 32.
8/22/06, the court held that the taxation of nonphysical injury awards is unconstitutional, as it taxes receipt of money that is not "income" under the 16th Amendment.
Coleg Sir Gar, Llanelli 15th --25th November 2004 Pembroke College, Haverfordwest 29th November --10th December 2004 Plascrug Leisure Centre, Aberystwyth 24th --27th January 2005 Coleg Meirion Dwyfor, Dolgellau 31st January --3rd February 2005 Coleg Menai, Llangefni 7th --11th February 2005 Eirias Park, Colwyn Bay 19th February --3rd March2005Caeddol Park, Ruthin 7th --18th March2005 Cwmbran Stadium, Cwmbran 16th --28th April 2005 Ebbw Vale 30th April --12th May2005 Coleg Ystrad Mynach 16th --27th May2005 Cyfarthfa Castle, Merthyr Tydfil 6th --16th June2005 Milland Road, Neath 20th --30th June2005 Singleton Park, Swansea 4th --15th July 2005
CANOGA PARK - Six-year-old Cassidy Smith and her brown-and-black cattle dog, Rocky, didn't get to the 16th annual Valley of the Stars Canoga Park Memorial Day Parade quite in time to nab a prime spot in the shade.
One of the world's best-known popularizers of archaeology takes readers on a tour of the Golden State from ancient times to the Spanish influx of the 16th century.