ABC Corp. issued a bond with a coupon rate of 10%. The coupons are due semi-annually at the end of June and December. The bond matures on December 31st,2019. The face value (par value) of the bond is $1,000. a) What is the quoted price of the bond on Jan. 1st2014 when the YTM is 12% per year; what is the actual selling price? Is this bond selling at par, premium or discount (explain without calculations)? b) On Dec. 30th,2016, the YTM is 13% per year (the YTM changed on Jan 1st,2016 ). What is the quoted price of the bond on that date? What is the actual selling price of the bond? What is the holding period return on this bond if you purchased the bond on Jan 1st,2014 and sell it on Dec. 30th,2016? c) Now suppose the main market where ABC Corp. is operating is going to a recession. What do you expect to happen to the riskiness of this bond? How does it affect the price of the bond? Explain