Could I get a breakdown for this Q?

FINRA FINRA SIE
1

https://app.achievable.me/study/finra-sie/quiz/BXQBV#seed=W2XMM&slug=all-of-the-following-are-valid-corporate-bond-quotes-except

Thank you in advance!

1 Like
2

Hi @Terrence_Boyer, happy to help:

Corporate bonds are quoted in price form in 1/8ths. The fraction must be reduced, which is why 126 4/8 is not a valid quote.

126 4/8 is not a valid quote, since it could be reduced to 126 1/2!