Your current CD matures in a few days. You would like to find an investment with a higher rate if return than the CD. Stocks historically have a rate of return between 10% and 12%, but you do not like the risk involved. You have been looking at bond listings in the newspaper. A friend wants you to look at the following corporate bonds as a possible investment. What price would you pay for each bond if you purchased one of them today? (Remember the face value is $1000.) a. ABC: $1047.50
XYZ: $1005.00
b. ABC: $1104.75
XYZ: $1100.50
c. ABC: $872
XYZ: $983
d. ABC: $750
XYZ: $840