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$4.(75$ pts$)$ Select three individual bonds. Make sure to select bonds that would do well based on your economic forecast and are suitable for your groups risk profile $($i$.$e$.$ do not select junk bonds if you have low risk tolerance$).$ You must select a long term, short$-$term, and callable bond $($in total $3$ individual bonds$)$ and discuss the following points:

a$.$ Provide a link to your bond

b$.$ Who is the issuer?

i$.$ How much debt does the issuer have $($This can be found on the balance sheet of the company on Morningstar.$)?$ Has the debt level changed over the past three years? Can the increase$/$decrease in debt level affect their credit rating? Provide a graph that shows the debt level over the past three years.

ii$.$ What is the bond$$s ratings? What does the rating indicate about default risk?

c$.$ When does this bond mature? $($Maturity date$)$

d$.$ What is the current price in dollars for this bond? $($How much is the bond selling for right now?$)$

e$.$ Is this a discount, premium, or par value bond?

f$.$ What is the coupon rate?

g$.$ How much interest $($in dollar amount$)$ does the bond pay each period? Calculate coupon payment assuming it is semi$-$annual frequency.

h$.$ What is the yield to maturity? If it is a callable bond then what is the yield to call?

i$.$ Summary: Why is this a good bond to invest in based on your group$$s risk profile? Make sure to discuss the following points

i$.$ Issuer$$s debt ratios relative to their industry. Provide the image and a discussion regarding the firm$$s d$/$e ratio relative to the industry $($i$.$e Target$$s Debt$/$Equity ratio is $\mathrm{.}99$ which is ranked lower than $68\%$ of the global industry $($this data can be found by simply googling $$Target D$/$E ratio$$ and the first result will be gurufocus$).$ This indicates, relative to the industry, Target has a high debt ratio. That makes the company$$s debt relatively riskier.$)$

ii$.$ Price risk of a bond due to interest rate fluctuations. In your explanation be sure to include how time to maturity, type of coupon payment $($fixed or floating$),$ and bond coupon rate vs market rate affects price risk.

iii. Reinvestment risk of a bond due to interest rate fluctuations. In your explanation be sure to include how time to maturity, type of coupon payment $($fixed or floating$),$ and bond coupon rate vs market rate affects reinvestment risk. Also, include how market interest rate increase$/$decrease will affect this bond$$s realized rate of return vs yield to maturitzy. I need detailed answer,