Hey Guys,
I wonder if someone throw some light behind 1/32nds convention to value a bond…
Hey Guys,
I wonder if someone throw some light behind 1/32nds convention to value a bond…
Same reason rulers are in 1/16", 1/32", etc In the days before digital, it was easier to divide things in half repeatedly vs. Using decimals. 1/32 = (1/2)^5
^agreed