Consider the following three bond quotes: a Treasury bond quoted at 104.24, a co

Question

Consider the following three bond quotes: a Treasury bond quoted at 104.24, a corporate bond quoted at 97.05, 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? (Do not round Intermediate calculations and round your final answers to 2 decimal places.) A 4 000 percent TIPS has an original reference CPI of 184.4. If the current CPI is 209.7, what is the par value and current interest payment of the TIPS? (Do not round Intermediate calculations and round your final answers to 2 decimal places.) Determine the interest payment for the following three bonds (Assume a $1,000 par value.) (Leave no cells blank- be certain to enter 0 wherever required. Round your answers to 2 decimal places);

Explanation / Answer

A. 4.40 percent coupon corporate bond (paid semi-annually):

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