6. Bond yields and prices over time Aa Aa A bond investor is analyzing the following annual coupon bonds: Annual Coupon Rate 6% Issuing Company Johnson Enterprises Smith Incorporated Irwin Metalworks 12% 9% Each bond has 10 years until maturity and has the same risk. Their yield to maturity (YTM) is nterest rates are assumed to remain constant over the next 10 years. Label the curves on the following graph to indicate the path that each bond's price, or value, is expected to follow. BOND VALUE ($1 1200 1100 1000 900 800 700 600 10 8 6 0 4 2 YEARS TO MATURITY Based on the preceding information, which of the following statements are true? Check all that apply. Smith's bonds have the highest expected total return. Irwin's bonds are selling at par. The current yield for Smith's bonds is between 0% and 9%. The current yield for Smith's bonds is greater than 9%. If a bond is selling for a price much lower than its par value, it is most likely that the bond is bond