Explain in words the four bonds summarized in the tables below. Discuss each bond's periods of maturity, coupon rate, current yield, capital gains yield, and total yield.

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Current yield: 2018 2018 2018 Face Amount Coupon Current Current Payments Price Yield $48,000,000 $45.00 $800.00 5.625% $32,000,000 $82.50 $865.49 9.532% $100,000,000 $126.25 $1,220.00 10.348% $64,000,000 $73.75 $747.48 9.866% Capital gain yield: Semiannual Face Semiannual Periods to Semiannual Par Amount YTM Maturity Coupon Value $48,000,000 4.817% 8 $22.500 $1,000 $32,000,000 5.000% 28 $41.250 $1,000 $100,000,000 5.091% 48 $63.125 $1,000 $64,000,000 5.090% 48 $36.875 $1,000 Total yield: 2018 2018 2018 Face Amount Current Cap Gain Total Yield Yield Yield $48,000,000 5.625% 4.106% 9.731% $32,000,000 9.532% 0.480% 10.012% $100,000,000 10.348% -0.172% 10.177% $64,000,000 9.866% 0.321% 10.188% Current yield: 2018 2018 2018 Face Amount Coupon Current Current Payments Price Yield $48,000,000 $45.00 $800.00 5.625% $32,000,000 $82.50 $865.49 9.532% $100,000,000 $126.25 $1,220.00 10.348% $64,000,000 $73.75 $747.48 9.866% Capital gain yield: Semiannual Face Semiannual Periods to Semiannual Par Amount YTM Maturity Coupon Value $48,000,000 4.817% 8 $22.500 $1,000 $32,000,000 5.000% 28 $41.250 $1,000 $100,000,000 5.091% 48 $63.125 $1,000 $64,000,000 5.090% 48 $36.875 $1,000 Total yield: 2018 2018 2018 Face Amount Current Cap Gain Total Yield Yield Yield $48,000,000 5.625% 4.106% 9.731% $32,000,000 9.532% 0.480% 10.012% $100,000,000 10.348% -0.172% 10.177% $64,000,000 9.866% 0.321% 10.188%

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Maturity The bonds have varying maturities expressed in semiannual periods This means the time to th... View the full answer