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Problem 7-10 Bond Quotes (LG7-3) Consider the following three bond quotes: a Treasury bond quoted at 106:23, a corporate bond quoted at 96.05, and a
Problem 7-10 Bond Quotes (LG7-3)
Consider the following three bond quotes: a Treasury bond quoted at 106:23, a corporate bond quoted at 96.05, and a municipal bond quoted at 100.45. 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. Round your final answer to 2 decimal places.)
Treasury note $
Corporate bond$
Municipal bond$
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