Problem One [A] For the following investments identify whether they are: 1. Trading securities 2. Available-for-sale securities 3. Held- to-maturity securities 4 . None of these Each case is independent of the other. (a) Purchase bonds maturing in 20 years. The company intends to use the cash flow generated by the interest payments on the bond to provide a specific need of paying employee bonuses at the end of each year. (b) An investment grade bond that matures in 8 years was purchased. The company will probably hold the bonds until they mature at which time the proceeds will be used to retire maturing debt