Suppose the following bond quotes for Emerson Electric Co. appear in the financial page of todays newspaper. Suppose the bond has a par value of $1,000. Which one of the following statements is correct based on the quotes below?

Maturity Coupon Bid Asked Change in Asked yield to maturity (%)

15-June-2045 4.75 127.2422 127.3047 0.6641 3.084

Investor pays $1272.422 for this bond from the bond dealer.

Investor pays $127.3047 for this bond from the bond dealer.

Investor pays $1273.047 for this bond from the bond dealer.

Investor pays $127.2422 for this bond from the bond dealer.