8. Bond Yields (Use the chapter appendix to answer this problem.) Hankla Company plans to purchase either (1) zero-coupon bonds that have 10 years to maturity, a par value of $100 million, and a purchase price of $40 million; or (2) bonds with similar default risk that have five years to maturity, a 9 percent cou- pon rate, a par value of $40 million, and a purchase price of $40 million. Hankla can invest $40 million for five years. Assume that the market's required return in five is forecasted to be 11 percent. Which alternative would offer Hankla a higher expected return (or yield) over the five-year investment horizon? years