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Consider the following three bond quotes: a Treasury note quoted at 96:16, a corporate bond quoted at 103.35, and a municipal bond quoted at 102.00.
Consider the following three bond quotes: a Treasury note quoted at 96:16, a corporate bond quoted at 103.35, and a municipal bond quoted at 102.00. 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.)
Treasury note?
and its NOT
Treasury Note | $1,000.00 | 96.16% | $961.60 |
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