Question
Consider the following three bond quotes: a Treasury bond quoted at 105:27, a corporate bond quoted at 96.40, and a municipal bond quoted at 100.80.
Consider the following three bond quotes: a Treasury bond quoted at 105:27, a corporate bond quoted at 96.40, and a municipal bond quoted at 100.80. 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?
| Treasury note | $ |
| Corporate bond | $ |
| Municipal bond | $ |
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Finance And Sustainability
Authors: William Sun, Celine Louche, Roland Perez
1st Edition
1780520921, 978-1780520926
