A bond investor is analyzing the following annual coupon bonds:

Issuing Company

Annual Coupon Rate

Johnson Enterprises $6\%$

Smith Incorporated $12\%$

Irwin Metalworks $9\%$

Each bond has $10$ years until maturity and has the same risk. Their yield to maturity $($YTM$)$ is $9\%.$ Interest rates are assumed to remain constant over the next $10$ years. Identify the curves on the following graph to indicate the path that each bond$$s price, or value, is expected to follow.

A

B

C

Based on the preceding information, which of the following statements are true? Check all that apply.

Irwin$$s bonds are selling at par.

The current yield for Smith$$s bonds is between $0\%$ and $9\%.$

Smith$$s bonds have the highest expected total return.

The current yield for Smith$$s bonds is greater than $9\%.$

Johnson just registered and issued its bonds, which will be sold in the bond market for the first time. Johnson$$s bonds would be referred to as $.$