Question 2 Company X is rated A and has 3 bonds issued 2 years ago. All the bonds were issued at par. Bond A is a 6% 10-year bond with yield to maturity of 5% and par value of $100. Bond B is a callable bond and Bond C is a puttable bond, both with 10 years to maturity and par value of $100. All bonds pay coupons annually. (a) Compute the current price of Bond A. (5 marks) (b) Among the 3 bonds (A, B, and C), which bond should have the highest yield to maturity at the time of issue? Explain. (5 marks) (c) Among the 3 bonds (A, B, and C), which bond should have the lowest yield to maturity at the time of issue? Explain. (5 marks)