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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
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 | $ |
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