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Consider the following three bond quotes: a Treasury note quoted at 97.844, a corporate bond quoted at 103.25, and a municipal bond quoted at 101.90.
Consider the following three bond quotes: a Treasury note quoted at 97.844, a corporate bond quoted at 103.25, and a municipal bond quoted at 101.90. 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?
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