Treasury Bills On Vanguard
Its the shorthand (for lack of a better term) of bond pricing. A price of 100 is actually $1000 per bond. The price here for 6 bonds is 6x $999.xxx=$5964.xxx. The buyer pays the accrued interest to the seller when the bond is purchased (.12 for all 6 bonds in this case) and receives the next coupon payment in full. Buyer has to pay $5964.xxx + .12 in this case. Make sense?
with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.