Mr. Brown wants to purchase one of three bonds:

a) 10-year corporate bond with a 2.00% coupon, paying annually, and par value of $1,000.

b) 7-year corporate bond with a 1.75% coupon, paying annually and par value of $1,000.

c) 5-year corporate bond with a 1.50% coupon, paying annually and par value of $1,000.

Mr. Richards wants additional analysis on these bonds. He wants you to assume that a year has transpired and to make the following assumptions about the bonds: each bond is exactly 1 year shorter in term rate levels are 1.75% for 9 years, 1.50% for 6 years and 1.25% for 4 years. Calculate the value of each bond and their relative rate sensitivity from a +/- 50 BPS rate change.