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Price Quotes in 32nds



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I am having a hard time deciphering the value of 
quotes in the 32nds.  Example: Ten Year Notes.
If I purchased one contract at 104.4375 and the 
current price is 104.5469, what would be a simple way to tell what the 
profit/loss would be?
Thanks
How Long a Minute is, depends onwhich side of 
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