Question: There are two bond options, as follows: - Fixed rate Series A with a coupon rate of 8.25% per year, offered at an exchange rate

There are two bond options, as follows: - Fixed rate Series "A" with a coupon rate of 8.25% per year, offered at an exchange rate of 109.60 with a tenor of 9 years. - Fixed rate Series "B" with a coupon rate of 6.375% per year, offered at 99 with a tenor of 10 years

Which is better? Explain with calculations!

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