Your current CD matures in a few days. You would like to find an investment with a higher rate of 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. A 5-column table with 2 rows. Column 1 is labeled Bond with entries A B C 7 and one-half 15, X Y Z 7 and three-fourths 15. Column 2 is labeled current yield with entries 7.5, 8.4. Column 3 is labeled volume with entries 128, 17. Column 4 is labeled Close with entries 104 and three-fourths, 100 and one-half. Column 5 is labeled net change with entries blank, + one-fourth.

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