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Investing Glossary:
Plus
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| Used to quote a price in 64ths. Dealers in government Bonds normally give price quotes in 32nds. To quote a Bid or Offer in 64ths, they use pluses; a Dealer who bids 4+ is bidding the Handle plus 4/32 + 1/64, which equals the handle Plus 9/64.
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