Question: Problem 7-3 Time to Maturity (LG7-1) A bond issued by Ford on May 15, 1997 is scheduled to mature on May 15, 2097. If today
Problem 7-3 Time to Maturity (LG7-1) A bond issued by Ford on May 15, 1997 is scheduled to mature on May 15, 2097. If today is November 16, 2010, what is this bond's time to maturity? (Use 365 days a year.) Answer is complete but not entirely correct. Time to Prex 2 of 15ElE Next Problem 7-9 Bond Quotes (LG7-3) Consider the following three bond quotes: a Treasury note quoted at 98.29, a corporate bond quoted at 103.00, and a municipal bond quoted at 10165. 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.) Treasury bond K Prey 4 of 15 EE Next> Problem 8-3 Buying Stock with Commissions (LG8-4) Your discount brokerage firm charges $8.50 per stock trade. How much money do you need to buy 280 shares of Pfizer, Inc. (PFE), which trades at $36.02? (Round your answer to 2 decimal places.)
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