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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.


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 ?
264,000 Number of pints consumed by Dublin Castle staff in 1590 400-500 The calorie content per pint of 16th century beer 180-200 The calorie content per pint of modern bitter
The Oba (in the middle) with attendants, Benin (Edo), 16th century
Even in the Old World, "the awareness is dawning on Lutherans and Catholics that the struggle of the 16th century is over.
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.
Israeli farmers re-created a ritual described by a 16th century Jewish scholar in the hopes of bringing rain.
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.
Bangor University's Chamber Choir will be at St Mary's Church, Caernarfon, to perform work by 16th century composer Philip ap Rhys.
Ranging from the Roman gardens at Hadrian's villa, to the late 16th century gardens of Castello Ruspoli in Italy, to the 17th century topiary gardens of Levens Hall in Kendal, Great Britain, to the 19th century gardens of Claude Monet at Giverny, to the work of such contemporary landscape gardeners as Fernando Caruncho, the Wirtzes, and Robert Irwin, "Gardens In Time" takes the reader on a brilliant and visually impressive tour.
London -- The English Catholic bishops have released a study which shows the steep decline of the Catholic Church in England, the greatest crisis in the Church since the 16th century Reformation ripped out the Catholic faith during the reigns of Henry VIII and Elizabeth I.