Annual Coupon Rate 6% Issuing Company Smith Enterprises Irwin Incorporated Johnson Metalworks 12% 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. 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 1200 A 1100 B 1000 900 800 700 600 10 8 6 4 2 0 YEARS TO MATURITY A B Smith Irwin Johnson Based on the preceding information, which of the following statements are true? Check all that apply. Irwin's bonds have the highest expected total return. The current yield for Irwin's bonds is between 0% and 9%. Johnson's bonds are selling at par. The current yield for Irwin's bonds is greater than 9%. a newly issued an outstanding If a bond is selling for a price much lower than its par value, it is most likely that the bond is bond