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 ?
Fragments of a silver devotional ring were found by Mark Lambert in April 2013 on land at St Athan, that is thought to be dated to the 15th or early 16th century.
Fragments of a silver devotional ring were found by Mark Lambert in April 2013 on land at St Athan, and are thought to be dated to the 15th or early 16th century.
There will also be demonstrations of spinning and weaving and a chance to see the recreated Tudor garden at the back of the cottage, which was where 16th century weaver John Croke used to live and work.
An elaborate sting operation, conducted by Cobrapost on 23 key people of the Ram Janambhoomi movement, claims that the fall of the disputed 16th century structure on December 6, 1992, was elaborately planned by various wings of the Sangh Parivar and executed with precision by trained volunteers.
The joint document acknowledges that in today's world most Christians live in the global South and thus "do not easily see the confessional conflicts of the 16th century as their own conflicts.
His works reflected the climax of Ottoman architecture in the 16th century.
FRANKFURT: Thieves stole a rare 16th century Portuguese book estimated to be worth 18,500 euros ($25,500) at the world's biggest book fair here last month, police said Wednesday.
The demolition of the 16th century mosque by Hindu mobs in 1992 triggered some of India's worst riots that killed about 2,000 people.
The exhibits also include, a rare Maiolica Albarello dating back to 16th century Italy with the portrait of Ibn Sina (Avicenna), a magnificent royal casket mounted with Lapis Lazuli and set with gold and diamonds from England dating back to the 19th century, a fine gem set jade box from India and a fine intact Kashan lustre star tile with Mangol figures suggesting impact of the Mangol invasion on Iran.
The gorge, 15ft deep and 80ft across, was created when flooding unearthed a 16th century riverbed in Durham.
These indicate that the name was present here from when church records began back in the 16th century.
MUMBAI: Fresh from playing a 16th Century queen in a historical romance, Indian actress Aishwarya Rai believes modern women have a much better deal.