A bond investor is analyzing the following annual coupon bonds: Issuing Company Annual Coupon Rate 6% Smith Enterprises Irwin Incorporated 12% Johnson Metalworks 9% Each bond has 10 years until maturity and has the same risk. The bonds' yield to maturity (YTM) is 9%. Interest rates are assumed to remain constant over the next 10 years. Label the curves on the following graph to indicate the path that each bond's price, or value, is expected to follow. BOND VALUE ($1 1 1200 1100 1000 900 800 Irwin Smith Johnson 700 600 10 8 6 2 0 YEARS TO MATURITY Based on the preceding information, which of the following statements are true? Check all that apply. The expected capital gains yield for Irwin's bonds is greater than 12%. Smith's bonds have the highest expected total return. The bonds have the same expected total return. The expected capital gains yield for Irwin's bonds is negative. Johnson's bonds have had substantial trading volume in the past few years. Its bonds would be referred to as seasoned issues new issues