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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

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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 with a yield to maturity of 9%. 1. . Bond A has 7% 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 an 11% annual coupon, matures in 12 years, and has $1,000 face value. a. Calculate the price of each of the three bonds and indicate whether each bond is trading at a premium, at a discount, or at par. b. If the yield to maturity for each bond remains at 9%, what will be the price of each bond 1 year from now? Compute the expected capital gains yield for the first year for each bond oc millin that have a par value of

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