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 ?
Speaking ahead of the event, she said: "The 16th Irish Division of the British Army, which entered the Battle of the Somme in September 1916, comprised of men from all over Ireland.
Brass memorial of an Oba in Benin, Nigeria, 16th century.
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.
The names of seven 16th Military Police Brigade Soldiers who died during the past year were read during the ceremony: Staff Sergeant Jonathan W.
In addition, based on a review of the legislation that implemented Congress' taxing power provided in the 16th Amendment, particularly the original exclusion for personal injury damages, the court found that the framers of the 16th Amendment would not have construed compensatory damages for nonphysical injuries to be income.
Jeev Milkha Singh also enjoyed a good run on his first nine holes, carding birdies on the 14th and 16th to be two shots behind Jimenez.
The court then examined whether the award represented a "gain or accession to wealth," as contemplated by the 16th Amendment, an analysis first enunciated in Glenshaw Glass Co.
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
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.