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Consider the following three bond quotes: a Treasury note quoted at 95.906, a corporate bond quoted at 102.75, and a municipal bond quoted at 101.40.

Consider the following three bond quotes: a Treasury note quoted at 95.906, a corporate bond quoted at 102.75, and a municipal bond quoted at 101.40. 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? How do you come up with the answer?

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