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One half of one point. For stock quotes, a half represents one half of $1, or 50¢. For bond quotes, a half represents one half of 1% of par, or $5. For option quotes, a half represents $50.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.