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Item 5

Item 5

Problem 7-10 Bond Quotes (LG7-3)

Consider the following three bond quotes: a Treasury bond quoted at 104:20, a corporate bond quoted at 96.85, and a municipal bond quoted at 101.25. 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.)