Problem 7-9 Bond Quotes (LG7-3) Consider the following three bond quotes: a Treasury note quoted...
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Problem 7-9 Bond Quotes (LG7-3) Consider the following three bond quotes: a Treasury note quoted at 96:26, a corporate bond quoted at 102.90, and a municipal bond quoted at 101.55. If the Treasury and corporate bonds have a par value of $1,000 and the municipal bond has a per 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.)
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