Clifford Clark is a recent retiree who is interested in investing some of his savings in corporate bonds. His financial planner has suggested the following bonds:

Bond A has a 6% annual coupon, matures in 12 years, and has a $1,000 face value.

Bond B has a 14% annual coupon, matures in 12 years, and has a $1,000 face value.

Bond C has a 10% annual coupon, matures in 12 years, and has a $1,000 face value.

b. Calculate the price of each of the three bonds. Round your answers to the nearest cent.

Price (Bond A): $

Price (Bond B): $

Price (Bond C): $

c. Calculate the current yield for each of the three bonds. (Hint: The expected current yield is calculated as the annual interest divided by the price of the bond.) Round your answers to two decimal places.

Current yield (Bond A):

Current yield (Bond B):

Current yield (Bond C):

d. If the yield to maturity for each bond remains at 10%, what will be the price of each bond 1 year from now? Round your answers to the nearest cent.

Price (Bond A): $

Price (Bond B): $

Price (Bond C): $

e. Mr. Clark is considering another bond, Bond D. It has a 9% semiannual coupon and a $1,000 face value (i.e., it pays a $45 coupon every 6 months). Bond D is scheduled to mature in 8 years and has a price of $1,110. It is also callable in 5 years at a call price of $1,020.

What is the bond's nominal yield to maturity? Round your answer to two decimal places.

What is the bond's nominal yield to call? Round your answer to two decimal places.