If a Treasury note has a bid price of $996.25, the quoted bid price in the Wall Street Journal would be ________.

A) 99:5/8
B) 99:6/10
C) 99.6250
D) none of the options

Bid Price

The bid price is the highest price a buyer is willing to pay for a security or asset at a given time, crucial in the trading of stocks, bonds, and commodities.

Quoted Bid

The highest price a buyer is willing to pay for a security or commodity in the financial markets.

Treasury Note

A marketable U.S. government debt security with a fixed interest rate and a maturity between one and 10 years.