Consider the following three bond quotes; a Treasury bond quoted at 106:14, a corporate bond quoted at

Question:

Consider the following three bond quotes; a Treasury bond quoted at 106:14, a corporate bond quoted at 96.55, and a municipal bond quoted at 100.95. If the Treasury and corporate bonds have a of $1,000 and the municipal bond has a of $5,000, what is the price of these three bonds in dollars?

Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...