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Consider the following three bond quotes: a Treasury bond quoted at 106:30, a corporate bond quoted at 96.25, and a municipal bond quoted at 100.65.
Consider the following three bond quotes: a Treasury bond quoted at 106:30, a corporate bond quoted at 96.25, and a municipal bond quoted at 100.65. 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?(Do not round intermediate calculations and round your final answers to 2 decimal places.) |
Treasury note? | |
Corporate bond? | |
Municipal bond? | |
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