Question $13(1$ point$)$

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Bond $1$ is an eight$-$year bond issued by a company with a very good credit rating. Bond $2$ is a four$-$year bond issued by a different company that also has a very good credit rating. Which is MOST likely?

${?}^a$ Bond $2$ will have a higher term risk than Bond $1.$

b$)$ Bond $2$ will have a higher default risk than Bond $1.$

c$)$ Bond $1$ will have a higher term risk than Bond $2.$

d$)$ Bond $1$ will have a lower interest rate than Bond $2.$