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Consider the following three bond quotes: a Treasury bond quoted at 106.438, a corporate bond quoted at 96.55, and a municipal bond quoted at 100.95.
Consider the following three bond quotes: a Treasury bond quoted at 106.438, a corporate bond quoted at 96.55, and a municipal bond quoted at 100.95. 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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