Excel Activity: Bond Valuation 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 $1,000 face value. - Bond B has a 7$ 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%. 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". a. Before calculating the prices of the bonds, indicate whether each bond is trading at a premilum, at a discount, or at parn Bond A is selling at b. Calculate the price of each of the three bonds. Round your answers to the nearest cent. Price (Bond A): 5 Price ( Bond B) 3: Price ( Bond C) : $ What is the expected capital gains yleld for each bond? What is the expected total return for each bond? Round your answers to two decimal places. Mr. Clark is considering another bond, Bond D. It has an 8% semlannual coupon and a $1,000 face value (1.e., it pays a $40 coupon every 6 months), Bond D is scheduled to mature in 6 years and has a price of 51,160 , It is also callable in 4 years at a call price of $1,070. 1. What is the bond's nominal yield to maturdy? Round your answer to two decimal places. the 2. What is the bond's nominal yield to call? Round your answer to two decimal places. 3. If Mr, Clark were to purchase this bond, would he be more likely to receive the yield to maturity or yleld to call? Explain your answer. 9. 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. 1. What is the expected current yield for each bond in each year? Round your answers to two decimal places. 2. What is the expected capital gains yleid for each bond in each year? Round your answers to two decimal places. 3. What is the total return for each bond in each year? Round your answers to two decimal places