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Consider the following three bond quotes: a Treasury note quoted at 97:24, a corporate bond quoted at 103.75, and a municipal bond quoted at 102.40.
Consider the following three bond quotes: a Treasury note quoted at 97:24, a corporate bond quoted at 103.75, and a municipal bond quoted at 102.40. 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. Round your final answer to 2 decimal places.) please show work |
Treasury note | $ |
Corporate bond | $ |
Municipal bond | $ |
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