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 an $11\%$ annual coupon, matures in $12$ years, and has a $$1,000$ face value.

Bond $B$ has a $7\%$ annual coupon, matures in $12$ years, and has a $$1,000$ face value.

Bond C has a $15\%$ annual coupon, matures in $12$ years, and has a $$1,000$ face value.

Each bond has a yield to maturity of $11\%.$

Use a minus sign to enter negative values, if any. If an answer is zero, enter $"0".$

Download spreadsheet Bond Valuation$-$b$4$d$7$ab$.$xlsx

a$.$ Before calculating the Activity Frame onds, indicate whether each bond is trading at a premium, at a discount, or at par.

Bond $A$ is selling at

because its coupon rate is

the going interest rate.

Bond $B$ is selling at

because its coupon rate is

the going interest rate.

Bond $C$ is selling at

because its coupon rate is

the going interest rate.

b$.$ Calculate the price of each of the three bonds. Round your answers to the nearest cent.

Price $($Bond A$)$: $

Price $($Bond B$)$: $

Price $($Bond C$)$: $

decimal places.

Current yield $($Bond A$)$: