Hello! Im
stuck at this homework. Clifford Clark is a recent retiree who is interested in investing some ofhis savings in corporate bonds. His financial planner has suggested the following bonds:● Bond A has a 6% annual coupon, matures in 15years, and has a $1,000 face value.● Bond B has a 8% annual coupon, matures in 15years, and has a $1,000 face value.● Bond C has an 10% annual coupon, matures in 15years, and has a $1,000 face value.Each bond has a yield to maturity of 8%.C)how would the price be shown in the wall street journal?
d) calculate the current yield for each of the three bonds
d. If the yield to maturity for each bond remains at 8%, what will be the price of eachbond 1 year from now?
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