Determining the bond quotes


Consider the following three bond quotes: a Treasury note quoted at 102:30, a corporate bond quoted at 99.45, and a municipal bond quoted at 102.45. 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?

$1000, $1000, $5000, respectively

$1002.30, $994.50, $5012.25 respectively

$1029.38, $994.50, $5122.50, respectively

$1002.30, $1000, $1000, respectively

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Finance Basics: Determining the bond quotes
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