What is the price of three bonds in dollar

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Problem 1: Consider the following three bond quotes: a Treasury bond quoted at 105:23, a corporate bond quoted at 97.00, and a municipal bond quoted at 101.40. 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.)

Reference no: EM132789334

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