I wonder if someone can advise me please?
I am valuing (for probate) a holding of UK 3 1/2 per cent. War
Stock.". the certificate gives the nominal value of the holding in £
In the Stock Exchange Daily List (SEDL of 18/11/2003) I find "War 3
1/2 % Ln 1k sigma" with "quotation" £72.499-72.501.
But what does this mean? Surely £1 of war loan is not now worth £72.
Does it mean about 72p by some convention?
Thanks for any light anyone can throw on this,
- posted 15 years ago