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Consider the following three bond quotes: a Treasury note quoted at 97:22, a corporate bond quoted at 103.65, and a municipal bond quoted at 102.30.
Consider the following three bond quotes: a Treasury note quoted at 97:22, a corporate bond quoted at 103.65, and a municipal bond quoted at 102.30. 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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