Question
Bond Quotes Consider the following three bond quotes; a Treasury note quoted at 103:22, and a corporate bond quoted at 98.45, and a municipal bond
Bond Quotes Consider the following three bond quotes; a Treasury note quoted at 103:22, and a corporate bond quoted at 98.45, and a municipal bond quoted at 103.45. 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.) rev: 03_05_2012 $1,036.88, $984.50, $5,172.50, respectively $1,003.70, $1,000, $1,000, respectively $1,003.70, $984.50, $5,017.25 respectively $1,000, $1,000, $5,000, respectively
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