Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the information below to answer questions 6-10: Issuer Name Symbol Coupon Maturity Rating Moody's/S&P High Low Last Change Yield % Roper Technologies Inc ROP5032325

Use the information below to answer questions 6-10:

Issuer Name Symbol Coupon Maturity Rating Moody's/S&P High Low Last Change Yield %
Roper Technologies Inc ROP5032325 1.750% 02/15/2031 Baa/BBB 93.683 92.902 93.541 -0.197 2.570047

The bond has a face value of $1,000 and makes semiannual payments.

Question 6 3 pts

The High of 93.683 can be interpreted as:

Group of answer choices

a high price of 93.683 percent of the bond's face value

a high annual coupon payment of $93.683

a high price equal to 93.683 percent of the bond's current value

a high price of $93.683 per bond

Question 7 3 pts

The Roper Technologies Inc bond has a yield to maturity of:

Group of answer choices

2.570047%

2.827052%

1.870837%

1.750000%

Question 8 3 pts

The Roper Technologies Inc bond currently sells at:

Group of answer choices

par value

par value less the annual coupon payment

a premium over par value

a discount from par value

Question 9 3 pts

The Roper Technologies Inc bond is a(n) _________ grade bond.

Group of answer choices

low

high

medium

very low

Question 10 3 pts

The Roper Technologies Inc bond makes an annual interest payment of:

Group of answer choices

$43.75

$17.50

$8.75

$12.85

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Value Investing

Authors: Mike Hartley

1st Edition

979-8864443309

More Books

Students also viewed these Finance questions