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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 annual coupon, matures in years, and has a $ face value.Bond B has a annual coupon, matures in years, and has a $ face value.Bond C has a annual coupon, matures in years, and has a $ face value.Each bond has a yield to maturity of 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 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:
Current yield Bond B:
Current yield Bond C:
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