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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

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 13% annual coupon, matures in 12 years, and has a $1,000 face value.Bond C has a 9% 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".Calculate the price of each of the three bonds. Round your answers to the nearest cent.
Price (Bond A):
Price (Bond B): $
Price (Bond C): $
Calculate the current yield for each of the three bonds. (Hint: The expected current yield is calculated as the annual interest divided by the price of the bond.) Round your answers to two decimal places.
Current yield (Bond A): ,0.0001%
Current yield (Bond B):
%
Current yield (Bond C):
%
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