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Clifford Clark is a recent retiree who is interested in investing some of his savings in corporate bonds. His financial planner has suggested the following
Clifford Clark is a recent retiree who is interested in investing some of his savings in corporate bonds. His financial planner has suggested the following bonds:
Bond A has a annual coupon, matures in years, and has a $ face value.
Bond B has a annual coupon, matures in years, and has a $ face value.
Bond C has an annual coupon, matures in years, and has a $ face value.
Each bond has a yield to maturity of
Calculate the price of each bond A B and C at the end of each year until maturity, assuming interest rates remain constant. Round your answers to the nearest cent.
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