You have been offered three kind of corporate bonds and you need to make a recommendation which bonds should be selected to get the best investment return (it is also possible not to investment as well). The following are the information for the bonds: 1. The first bond is sell at par 100% with transaction cost 1% from its face value and value added cost 10% from its transaction cost. You decide that for the hardle rate (required return) you will use data from credible bond rating agency. The other information abou the bond is provided follows: Security name OBLIGASI BERKELANJUTANII ADHI KARYA TAHAP II TAHUN 2019 SERIB Issuer ADHI KARYA (PERSERO) Tbk, PT ISIN Code IDA000098405 Short Code : ADHIO2BCN2 Type : Straight Bonds Listing Date : 26 Juni 2019 Stock Exchange : IDX Status . Active Nominal : 473,500,000,000.00 Current Amount : 473.500.000.000.00 Mature Date 25 Juni 2024 Interest/Disc Rate : 9.75% Interest Type FIXED Interest Frequency : 3 MONTHS Currency . IDR Form Electronic Effective Date ISIN Day Count Basis Activity Sector BUILDING CONSTRUCTION The second bond is sell at discount 97.5%% with transaction cost 1% from its face value and value added cost 10% from its transaction cost. You decide that for the hardle rate (required return) you will use data from credible bond rating agency. The other information abou the bond is provided as follows: ANGKASA PURA II (PERSERO), PT Security name OBLIGASI BERKELANJUTANI ANGKASA PURA II TAHAP II TAHUN 2020 SERIA Issuer : ANGKASA PURA II (PERSERO), PT ISIN Code : IDA0001084A5 Short Code : APIAO1ACN2 Type : Straight Bonds Listing Date : 14 Agustus 2020 Stock Exchange : IDX Status : Active Nominal : 32,000,000,000.00 Current Amount 0.00 Mature Date . 13 Agustus 2023 Interest/Disc Rate : 7.89 Interest Type : FIXED Interest Frequency . 3 MONTHS Currency : IDR Form : Electronic Effective Date ISIN Day Count Basis Activity Sector . OTHER SECTORS The third bond is sell at premium 102.5% with transaction cost 1% from its face value and value added cost 10% from its transaction cost. You decide that for the hardle rate (required return) you will use data from credible bond rating agency. The other information abou the bond is provided as follows: ANEKA GAS INDUSTRI Tbk, PT Security name : OBLBKLUTI ANEKA GAS INDUSTRI THPI TH2017 SERIB Issuer : ANEKA GAS INDUSTRI Tbk, PT ISIN Code : IDA0000810B2 Short Code : AGIIO 1BCN1 Type : Straight Bonds Listing Date : 07 Juni 2017 Stock Exchange : IDX Status : Active Nominal : 19,000,000,000.00 Current Amount . 19.000.000.000.00 Mature Date . 06 Juni 2022 Interest/Disc Rate . 10.35% Interest Type FIXED Interest Frequency : 6 MONTHS Currency : IDR Form Electronic Effective Date ISIN Day Count Basis Activity Sector : ENERGY