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Excel Activity: Bond Valuation Clifford Clark is a recent retiree who is interested in investing some of his savings in corporate bonds. His financial planner has sugested the following bonds: - Bond A has a 13% annual coupon, matures in 12 years, and has a $1,000 face value. - Bond B has a 9% annual coupon, matures in 12 years, and has a $1,000 face value. - Bond C has an 11% annual coupon, matures in 12 years, and has a $1,000 face value. Each bond has a yield to maturity of 11%. \begin{tabular}{|l|l|r|r|r|r|} \hline & \multicolumn{1}{|c|}{A} & B & C & \multicolumn{1}{|c|}{ E } & \multicolumn{1}{c|}{ F } \\ \hline 1 & Bond Valuation & & & & \\ \hline 2 & & & & \\ \hline 3 & & \multicolumn{1}{|c|}{ Bond A } & \multicolumn{1}{|c|}{ Bond B } & \multicolumn{1}{|c|}{ Bond C } \\ \hline 4 & Years to maturity & 12 & 12 & 12 \\ \hline 5 & Number of coupon payment per year & 1 & 1 & 1 \\ \hline 6 & Coupon rate & 13% & 9% & 11% \\ \hline 7 & Par value & $1,000 & $1,000 & $1,000 \\ \hline 8 & Yield to maturity & 11% & 11% & 11% \\ \hline \end{tabular} d. Calculating the price of each bond 1 year from now, the expected capital gains yield for each bond, and the expected total return for each bond d. If the yield to maturity for each bond remains at 11%, 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): \$ Excel Activity: Bond Valuation Clifford Clark is a recent retiree who is interested in investing some of his savings in corporate bonds. His financial planner has sugested the following bonds: - Bond A has a 13% annual coupon, matures in 12 years, and has a $1,000 face value. - Bond B has a 9% annual coupon, matures in 12 years, and has a $1,000 face value. - Bond C has an 11% annual coupon, matures in 12 years, and has a $1,000 face value. Each bond has a yield to maturity of 11%. \begin{tabular}{|l|l|r|r|r|r|} \hline & \multicolumn{1}{|c|}{A} & B & C & \multicolumn{1}{|c|}{ E } & \multicolumn{1}{c|}{ F } \\ \hline 1 & Bond Valuation & & & & \\ \hline 2 & & & & \\ \hline 3 & & \multicolumn{1}{|c|}{ Bond A } & \multicolumn{1}{|c|}{ Bond B } & \multicolumn{1}{|c|}{ Bond C } \\ \hline 4 & Years to maturity & 12 & 12 & 12 \\ \hline 5 & Number of coupon payment per year & 1 & 1 & 1 \\ \hline 6 & Coupon rate & 13% & 9% & 11% \\ \hline 7 & Par value & $1,000 & $1,000 & $1,000 \\ \hline 8 & Yield to maturity & 11% & 11% & 11% \\ \hline \end{tabular} d. Calculating the price of each bond 1 year from now, the expected capital gains yield for each bond, and the expected total return for each bond d. If the yield to maturity for each bond remains at 11%, 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): \$

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