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3. Look at the bond info below. Which firm has the highest default risk? Explain. If you bought MCHP's bond today and held it to

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3. Look at the bond info below. Which firm has the highest default risk? Explain. If you bought MCHP's bond today and held it to maturity what would be your annual return on your investment? How much of MCHP's price is due to the coupon payments? Coupon (%) 9.75 Issuer Halcon Resources Gastar Exploration Microchip Technology Symbol HKUS GST MCHP Maturity July 15, 25 May 15, 23 Feb. 15,30 Current Price $310.44 S510.25 8.625 1.625 S1010.14

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