Your Investment department has researched possible Investments in corporate debt securitles$.$ Among the avallable 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.

Each of the bond issues matures on December $31,2043,$ and pays Interest semlannually on June $30$ and December $31.$ For bonds of

similar risk and maturity, the market yleld at January $1,2024,$ is $14\%.$

Required:

Other things belng equal, which of the bond Issues offers the most attractlve Investment opportunity If It can be purchased at the

prices stated? The least attractive?

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