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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: Bond A has a 7% annual coupon, matures in 12 years, and has a $1,000 face value. Bond B has an 11% 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%. 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 $ $ $ M N O 1 $ $ $

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