Consider the following three bond quotes: a Treasury bond quoted at 105.4688, a corporate bond quoted at 96.60, and a mu
Posted: Wed Jul 06, 2022 6:40 pm
Consider the following three bond quotes: a Treasury bond quotedat 105.4688, a corporate bond quoted at 96.60, and a municipal bondquoted at 101.00. If the Treasury and corporate bonds have a parvalue of $1,000 and the municipal bond has a par value of $5,000,what is the price of these three bonds in dollars? (Donot round intermediate calculations and round your final answers to2 decimal places.)