Use the information to answer the question(s) below.
-Shown above is information from FINRA regarding one of Caterpillar Financial Services' bonds. How much would the holder of such a bond earn each coupon payment for each $100 in face value if coupons are paid annually?
A) $1.38
B) $3.95
C) $4.00
D) $4.36

Question

Use the information to answer the question(s) below. 
-Shown above is information from FINRA regarding one of Caterpillar Financial Services' bonds. How much would the holder of such a bond earn each coupon payment for each $100 in face value if coupons are paid annually?
A) $1.38 
B) $3.95 
C) $4.00 
D) $4.36

Quizplus · Accepted Answer

C) $97.05 × 4% = $4.00

Use the Information to Answer the Question(s) Below