Question: 9. (8 points) Consider two coupon-bonds, one is a 3-year $100 par-valued bond with 5% annual coupon payment and annual yield rate 4%; the other

9. (8 points) Consider two coupon-bonds, one is a 3-year $100 par-valued bond with 5% annual coupon payment and annual yield rate 4%; the other is a 3-year $100 par-valued bond with 5% annual coupon payment and annual yield rate 6%. Which one do you think is a better investment and why
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