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The finance manager for Global Holdings Corporation has some funds to invest in bonds. The following three $50,000 face value bond options are available: 1.

The finance manager for Global Holdings Corporation has some funds to invest in bonds. The following three $50,000 face value bond options are available:

1. A bond carrying a coupon rate of 5.07% with 13 years until maturity and selling for $51,051.79.

2. A bond carrying a coupon rate of 4.99% with 8.5 years until maturity and selling for $50,552.33.

3.A bond carrying a coupon rate of 3.96% with 20 years and 6 months until maturity and selling for $44,022.81.

Based solely on each bond's yield to maturity, rank the bonds and recommend the one in which the manager should invest the money. Show calculations

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