Fintech Corp issues two bonds with $20-$year maturities. Both bonds are callable at $$1,050.$

The first bond is issued at a deep discount with a coupon rate of $4\%$ and a price of $$480$ to yield

$8\mathrm{.}4\%.$ The second bond is issued at par value with a coupon rate of $9\mathrm{.}00\%.$

If you expect rates to fall substantially in the next two years, which bond would you prefer to

hold?