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I have seen some people divide the .94 in 96.94 by 32 and some people not, if it is required please explain why Consider the
I have seen some people divide the .94 in 96.94 by 32 and some people not, if it is required please explain why
Consider the following three bond quotes: a Treasury note quoted at 96.94, a corporate bond quoted at 102.80, and a municipal bond quoted at 101.45. 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 Step by Step Solution
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