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Answer:
Treasury Note $9,784.4
Corporate Bond $10,325
Municipal Bond $10,190
Explanation:
Bonds are quoted on discount or premium prices, the quoted price under 100 is on discount and over 100 is on premium.
Treasury Note
It is quoted at the discounted price of 97.844% of par
Face value = $1,000
Value of Note = $1,000 x 97.844% = $9,784.4
Corporate Bond
It is quoted at the premium price of 103.25% of par
Face value = $1,000
Value of Note = $1,000 x 103.25% = $10,325
Municipal Bond $10,190
It is quoted at the premium price of 101.90% of par
Face value = $1,000
Value of Note = $1,000 x 101.90% = $10,190
The three bond quotes are:
First, Treasury note $9,784.4
Second, bond certificate $10,325
Third, bond $10,190
Calculation of Bond Quotes?
According to Bonds are quoted on discount or premium prices, Then the quoted price under 100 is on discount and over 100 is on premium.
Treasury Note
When It is quoted at the discounted price of 97.844% of par
After that, Face value is = $1,000
Then Value of Note is = $1,000 x 97.844% = $9,784.4
Corporate Bond
When It is quoted at the premium price of 103.25% of par
Then the Face value is = $1,000
After that Value of Note is = $1,000 x 103.25% = $10,325
Municipal Bond $10,190
When it's quoted at the premium price of 101.90% of par
Now, The Face value is = $1,000
Then Value of Note is = $1,000 x 101.90% = $10,190
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