Hi, could you please provide the answer for question 3. Also could you please briefly explain it.

Thanks

3). Consider two bonds, A and B. Both bonds presently are selling at their par value of $1,000. Each pays interest of $120 annually. Bond A will mature in five years, while bond B will mature in six years. If the yields to maturity on the two bonds change from 12% to 10%,

A. both bonds will increase in value, but bond A will increase more than bond B.

B. both bonds will increase in value, but bond B will increase more than bond A.

C. both bonds will decrease in value, but bond A will decrease more than bond B.

D. both bonds will decrease in value, but bond B will decrease more than bond A.

E. None of the options