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Problem 7-9 Bond Quotes (LG7-3) Consider the following three bond quotes: a Treasury note quoted at 99.26, a corporate bond quoted at 103.15, and a
Problem 7-9 Bond Quotes (LG7-3) Consider the following three bond quotes: a Treasury note quoted at 99.26, a corporate bond quoted at 103.15, and a municipal bond quoted at 101.80. 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.) Answer is complete but not entirely correct. Treasury bond $ 992.60 Corporate031.50 bond Municipal bond 5,090.00
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