... 989/ 64 .981/8+1/ 64 = 988/ 64 +1/ 64 = 989/ 64 This shorthand expression developed in institu-tional trading where speed is often critical during fastmarkets. Since institutional ... “ebb”:ending value minus beginning value divided bybeginning value. For example:(Ending – Beginning) ÷ Beginning = % change( 86 – 89) ÷ 89 = – 3.37%handletrader lingo forthe part of thebond’s ... year in interest, in other words, ($725 ÷ 2)or $ 362 .50 per semiannual interest payment. Corporatebonds use a 365 -day year, so this bond accrues $1.9 86 in interest a day ($725 ÷ 365 ). Since...