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Bond Quotes Consider the following three bond quotes; a Treasury note quoted at 102:22, and a corporate bond quoted at 99.05, and a municipal bond
Bond Quotes Consider the following three bond quotes; a Treasury note quoted at 102:22, and a corporate bond quoted at 99.05, and a municipal bond quoted at 102.85. If the Treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of these three bonds in dollars? (Round your answers to 2 decimal places.)
A. $1,002.70, $990.50, $5,014.25 respectively
B. $1,002.70, $1,000, $1,000, respectively
C. $1,026.88, $990.50, $5,142.50, respectively
D. $1,000, $1,000, $5,000, respectively
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