Which of the following bonds would be considered to be of speculative-grade? A) A Caa-rated bond. B) An Aaa-rated bond. C) An AAA-rated bond. D) A Baa-rated bond. E) None of the above 8. What is the rate of return for an investor who pays $1, 054.47 for a three-year bond with a 7% coupon and sells the bond one year later for $1, 037.19? A) 5.00% B) 5.33% C) 6.46% D) 7.00% E) none of the above Please use the following information for questions 9-11. Bond A has a coupon rate of 10%, with a three-year maturity and a face value of $1,000. The discount rate now or future is 10%. 9. If you want to buy bond A now, what is the price you have to pay? A) $1,000 B) $1, 200. C) $1, 250 D) cannot be decided E) none of the above