Company X is rated A and has 3 bonds issued 2 years ago. All the bonds were issued at par. Bond A is a 6%10-year bond with yield to maturity of 5% and par value of $100. Bond B is a callable bond and Bond C is a puttable bond, both with 10 years to maturity and par value of $100. All bonds pay coupons annually. (a) Compute the current price of Bond A. (5 marks) (b) Among the 3 bonds (A, B, and C), which bond should have the highest yield to maturity at the time of issue? Explain. (5 marks) (c) Among the 3 bonds (A, B, and C), which bond should have the lowest yield to maturity at the time of issue? Explain. (5 marks) (d) Company Y is rated BBB and plans to issue a new 10 -year bond. In pricing this bond, determine whether the yield to maturity should be set higher or lower on its bonds relative to similar bonds by Company X. Explain your