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3. Consider 3 bonds with the same face value (51000) and maturity (3 years). All three bonds offer a coupon once a year, but they

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3. Consider 3 bonds with the same face value (51000) and maturity (3 years). All three bonds offer a coupon once a year, but they have different coupon rates. Bond A has a coupon rate of 6%, Bond B has a coupon rate of 8% and Bond C has a coupon rate of 10%. Interest rates are 8% for every maturity. (a) Price the three bonds. (b) Estimate the yield to maturity of the three bonds (Use excel, a financial calculator or..).*

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