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Consider the following three bond quotes: a Treasury note quoted at 97.75, 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 97.75, 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 are the prices of these three bonds in dollars? Note: Do not round intermediate calculations and round your final answers to 2 decimal places.
Treasury Note | |
Corporate Bond | |
Municipal Bond |
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