Bond	Price	Coupon Rate	Time-to-Maturity
A	101.886	5%	2 years
B	100.000	6%	2 years
C	97.327	5%	3 years

a. Which bond offers the lowest yield-to-maturity? Show work.

b. Which bond will most likely experience the smallest percent change in price if the market discount rates for all three bonds increase by 100 basis points (bps)? (Hint: calculate each bond with a 1% increase in the rate). Show work.

PLEASE SHOW CALCULATIONS AND FORMULAS. THANKS.