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 9% annual coupon, matures in 12 years, and has a $1,000 face value. - Bond C has a 10% annual coupon, matures in 12 years, and has a $1,000 face value. Each bond has a yield to maturity of 10%. The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. Use a minus sign to enter negative values, if any. If an answer is zero, enter "0". Download spreadsheet Bond Valuation-edf003.xisx a. Before calculating the prices of the bonds, 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. a. Before calculating the prices of the bonds, indicate whether each bond is trading at a premium, at a discount, or at par. Bond A is selling a lecause its coupon rate is the going interest rate. Bond B is selling a lecause its coupon rate is the going interest rate. Bond C is selling a lecause its coupon rate is the going interest rate. a. Before calculating the prices of the bonds, 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 he going interest rate. Bond B is selling at because its coupon rate is less than greater than he going interest rate. Bond C is selling at because its coupon rate is equal to he going interest rate. a. Before calculating the prices of the bonds, 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 a lecause its coupon rate is the going interest rate. Bond C is selling a lecause its coupon rate is the going interest rate. b. Calculate the price hree bonds. Round your answers to the nearest cent. a. Before calculating the prices of the bonds, 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 he going interest rate. Bond C is selling at because its coupon rate is he going interest rate. b. Calculate the price of each of the three bonds. Round your earest cent. a. Before calculating the prices of the bonds, 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 a lecause its coupon rate is the going interest rate. b. Calculate the price hree bonds. Round your answers to the nearest cent. Price (Bond A): \$ a. Before calculating the prices of the bonds, 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 he going interest rate. b. Calculate the price of each of the three bonds. Round your earest cent. Price (Bond A): \$
