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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

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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 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 7% annual coupon, matures in 12 years, and has a $1,000 face value. Each bond has a yield to maturity of 9%. 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". g. 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. Years Remaining Until Maturity Bond A Bond B Bond C 12 $ $ $ 11 $ $ $ 10 $ $ $ 9 $ $ $ 8 $ $ $ 7 $ $ $ 6 $ $ $ 5 $ $ $ 4 $ $ $ 3 $ $ $ 2 $ $ $ 1 $ $ $ 0 $ $ $ 1. What is the expected current yield for each bond in each year? Round your answers to two decimal places. Years Remaining Until Maturity 12 11 Bond C Bond B Bond A % % % % % % % 10 9 8 7 HOG 1654MNH % % % % % % % % % % % % % % % % % % % % % % % % 3 % % % % % 2. What is the expected capital gains yield for each bond in each year? Round your answers to two decimal places. Years Remaining Bond C Bond B Bond A % Until Maturity % % % 12 % % % 11 % % % 10 % % % 9 % % % 8 7 165 +3 2 % % % % % % % % % % % 4 % % % % % % % % % 1 3. What is the total return for each bond in each year? Round your answers to two decimal places. Bond C Years Remaining Until Maturity 12 Bond B Bond A % % % % % % % 11 % % % 10 % % % 9 % % % 8 % % % 7654321 % % % % % % % % % % % % % % % % %

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