Consider the following three bond quotes; a Treasury note quoted at 87:25, and a corporate bond quoted at 102.42, and a municipal bond quoted at 101.45. 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?
- $872.50, $1,000, $1,000, respectively
- $1000, $1,000, $1,000, respectively
- $877.81, $1,024.20, $5,072.50, respectively
- $1,000, $1,024.20, $1,001.45, respectively