110-16 =110.5 USD. As for how to convert, please refer to the medium and long-term national debt price quotation method.

1000 USD is because the actual price is 1000 times the par price, and the par price is 1 USD, which actually represents 1000 USD.

The factor of 1.474 is based on the premise that the annual interest rate of all bonds is 6%. For example, if you are a 30-year national debt, that means your delivery price x conversion factor = delivery price +30-year compound interest (annual interest rate 6%). As for why it is 6%, it is a unified standardized regulation. Just like why we should unify the currency.

Delivery price x conversion factor X 1000= "transaction price" actually paid to the seller.

1 10.5 USD X 1.474 factor X 1000 USD = 162877 USD.