. a) Using a risk free rate of 2%, determine the price of a 3 year bond issued by i) Disney (spread 0,5%), ii) Boeing (spread 1%) and iii) InfoSoft (spread 2%) taking into account that the face value is $1.000, the coupon rate for the three bonds is 5% annually, and coupons are distributed every year.

b) Now compute the present value of these bonds assuming that they are perpetual bonds. What is the relationship between bond price and