Consider the Following Three Bond Quotes; a Treasury Note Quoted

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?

A) $872.50, $1,000, $1,000, respectively
B) $1,000, $1,000, $1,000, respectively
C) $872.50, $1,024.20, $5,072.50, respectively
D) $1,000, $1,024.20, $1,001.45, respectively

Correct Answer:

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