There are two bonds on sale the investors can choose from: BondA: 4-year, 10% coupon rate, $1,000 face value. Bond B: 30-year, 8%coupon rate, $1,000 face value. Investors may have access todifferent information or interpret the information differentlywhich would cause them to arrive at different conclusions regardingthe evaluation of assets. Assume that investor I sees both bonds asrisky investments and asks a promised yield of 12% from each.Investor II does not see them as risky investments. Assume furtherthat the market rate (alternative investment rate) for bothinvestors is 10%. a) (10 points) What would be the maximum priceeach investor would be willing to pay for each bond today? b) (10points) Assume that 20% of the investors of type I and 80% of themare of type II. The market price of each bond today is obtained by:20%* max Price of Investor I + 80% * Max Price of Investor II (Notethat this is a pretty good proxy for how the market price would bearrived at in real world) Then, which investor would buy whichbond, if any? c) (20 points) Assume one year passes and the firstcoupons are just distributed. Assume that all uncertainty regardingthese bonds have been resolved and it is public information nowthat the bond issuers will be able to pay all coupons and the facevalues at the required times. What is the annual return of eachinvestor?