Problem 7-25 Bond Prices and Interest Rate Changes (LG7-5)

A 6.75 percent coupon bond with 15 years left to maturity is priced to offer a yield to maturity of 8.5 percent. You believe that in one year, the yield to maturity will be 8.0 percent. What is the change in price the bond will experience in dollars? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Problem 7-9 Bond Quotes (LG7-3)

Consider the following three bond quotes: a Treasury note quoted at 97.24, 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 is the price of these three bonds in dollars? (Do not round intermediate calculations and round your final answers to 2 decimal places.)

Treasury bond	$
Corporate bond	$
Municipal bond	$