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What is the price of the three bonds in dollars

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Problem 1: Consider the following three bond quotes; a Treasury note quoted at 103:18, and a corporate bond quoted at 98.25, and a municipal bond quoted at 103.65. 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? (Round your answers to 2 decimal places.)

Reference no: EM132755378

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