The prices of Treasury notes, bonds, and bills are quoted
A. as a percentage of the coupon rate.
B. as a percentage of the previous day’s closing value.
C. as a percentage of $100 face value.
D. as a multiple of the annual interest paid.
Answer:C
The prices of Treasury notes, bonds, and bills are quoted
A. as a percentage of the coupon rate.
 B. as a percentage of the previous day’s closing value.
 C. as a percentage of $100 face value.
 D. as a multiple of the annual interest paid.
