Bond Quotes Consider the following three bond quotes; a Treasury bond quoted at 106:14, and a corporate bond quoted at 96.55, and a municipal bond quoted at 100.95. 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

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Bond Quotes Consider the following three bond quotes; a Treasury bond quoted at 106:14, and a corporate bond quoted at 96.55, and a municipal bond quoted at 100.95. 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

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Treasury note at 106:14: (106+14/32)% × $1,000 = $1,064.375

Corporate bond at 96.55: 96.55% × $1,000 = $965.50

Municipal bond at 100.95:  100.95% × $5,000 = $5,047.50

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