You turn to the Treasury bond market page of a newspaper and look under the column headed "Ask" and see that it says, "128:16" this indicates that
A. the price that the buyer is willing to pay for this bond is $128.16.
B. the price that the buyer is willing to pay for this bond is $1,280.16.
C. the price that the seller is willing to sell this bond for is $1,285.
D. the price that the seller is willing to sell this bond for is $128.16.
Answer: C
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