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    Bond Quotes

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    What is the dollar amount of each of the following bonds?

    · 10⅜ 2001 Feb. $10,000 par Treasury note selling at 101:11

    · ATT has a debenture outstanding, maturing in 2010 and paying an 8.00 % coupon rate. The current market value of the bonds is 98 ¼.

    · $1,000,000 U.S. Treasury bond maturing 04/15/25 paying a coupon of 4 ⅝ % with a close price 0f 104:17

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    Solution Preview

    Bond prices are given as a percentage of face value with fractions of a percent represented as ...

    Solution Summary

    This solution calculates the dollar amount for different bond quotes.

    $2.19

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