You work for Wilson Wealth Management. You have been hired to research possible investments in a few different corporate debt securities. Among the available investments are the following $100 million bond issues, each dated January 1, 2024. Prices were determined by underwriters at different times during the last few weeks.

	Company	Bond Price		Stated Rate
1.	BB Corporation	$ 106	million	17%
2.	DD Corporation	$ 100	million	16%
3.	GG Corporation	$ 92	million	15%

To keep things simple, assume all the above options mature on December 31, 2043. They also pay interest semiannually on June 30 and December 31. For bonds of similar risk and maturity, the market yield at January 1, 2024, is 16%.

Required:

In your opinion which of the bond issues offers the MOST attractive investment opportunity if it can be purchased at the prices stated? Which of the bonds is the LEAST attractive?

Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1).