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 $13\%$ 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 a $$1,000$ face value.

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

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 $"0".$

Calculote the price of each bond $,$ and $C$ at the ond et each yoo unti maturky asruming inteneat ratea rnmain censtant. Recund your answern to the nearest cent.

What is the expected current yield for each bond in each year? Round your answers to two decimal places.

What is the expected capital gains yield for each bend in each year? Reund your ancinsers to two decimal places.