In Figure 3.1, which bond has the longest maturity? Assuming a face value of $1,000 each, how much would you have to pay for 100 of these bonds?

Figure 3.1

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Corporate Bond Trading FINRA TRACE Market Aggregate Information FINRA TRACE Bond Market Activity Total Issues Traded Advances Declines Unchanged 52 Week High 52 Week Low All Issues Investment Grade High Yield Convertible 9381 7020 2125 3854 2916 4987 3876 75 88 1879 36980 Dollar Volume* *Par value in millions 37 14 1546 25144 840 982 36 68 315 10282 236 98 129 2 6 18 1552 Most Active Investment Grade Bonds Issuer Name Moody'sⓇ/S&P AT&T INC EXXON MOBIL CORP Symbol Coupon Maturity T5046543 3.500% 09/15/2053 /BBB XOM4976375 3.452 % 04/15/2051 Aa1/AA- VZ5148413 3.550% 03/22/2051 /BBB+ CVS4607885 5.050% 03/25/2048 Baa2/BBB AERCAP IRELAND CAP DESIGNATED AER5286241 3.300% 01/30/2032/ ACTIVITY C VERIZON COMMUNICATIONS INC CVS HEALTH CORP MERCK & CO INC NEW ANHEUSER-BUSCH COS LLC/ ANHEUSER-BUSCH MRK5319145 2.150% 12/10/2031 /A+ BUD4835362 4.900% 02/01/2046 Baa1/ MICROSOFT CORP MSFT5152920 2.921% 03/17/2052 /AAA BB&T CORP SR MEDIUM TERM NTS TFC4468102 2.750 % 04/01/2022 A3/A- BOOK ENTRY CENOVUS ENERGY INC CVE3683666 6.750 % 11/15/2039 Baz3/ 01/20/2022 GO View: Corporate | 144A| Agency | Structured Products About This Information End of Day data. Activity as reported to FINRA TRACE (Trade Reporting and Compliance Engine). The Market breadth information represents activity in all TRACE eligible publicly traded securities. The most active information represent the most active fixed-coupon bonds (ranked by par value traded). Inclusion in Investment grade or High Yield tables based on TRACE dissemination criteria. "C" indicates yield is unavailable because of issue's call criteria. High Low Last Change Yield% 95.04900 94.23700 95.01400 0.019000 3.770992 104.78800 103.52200 104.78800 1.168000 3.195842 102.04700 100,82200 101.86300 0.403000 3.446989 124.47500 123.70000 124.07800 -0.294000 3.603990 98.19800 97.80300 98.14600 0.355000 3.521258 96.96900 96.46000 96.96900 0.207000 2.498025 120.41900 119.31900 120.11900 0.193000 3.621805 99.51500 98.84600 99.04000 0.119000 2.969291 100.26400 98.99200 100.20900 -0.074000 0.708886 132.66100 131.87900 132.66 100 1.314200 4.139015