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?

              Total market value of the bonds:  6,972.2

Explanation:

The "quote" will be the percent of the face value at which the title is currently  trading.

We will multiply each quoted by the face value to get the market value in dollars:

1,000 x  87.25/100     =     875.5

1,000 x 102.42/100    =   1,024.2

5,000 x 101.45/100    =   5,072.5

              Total             =  6,972.2

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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