you are evaluating the purchase of three different bonds as decribed below, all of which have apar value of $1,000.

> a wamart bond that has 10years to maturity and has a coupon rate of 4% compouded annualy.

> a loblow bond that has 20 years to maturity and pays an annual coupon of 6%per year .

>a Safeway bond that also has 20 years to maturity and has coupon rate of 6% with interest paid quaterily.

walmart is an american company, the market interest rate in USA is currently 5% peryear.

loblow and safeway are canadian companies and their market interst rate in canada is 4% per year, compounded quarterly