Today is time t$.$ Two zero coupon bonds both have face value of $100$ dollars, which means both bonds are expected to pay you a value of $ $100$ at Maturity $($time T $).$ Bond A is liquid and is often taded by average institutional investors at zero transaction costs. Bond B is illiquid. Its total direct and indirect trading cost is $ $5$ per trade $($either buy or sell$).$ Suppose an average$-$sized institutional trader who wants own the two bonds will make at least three trades in either bond $($i$.$e$.,$ First buy it at t$,$ then sell it and buy it back again at some time between t and T $).$ Interest rate for discounting future bond price is zero for both bonds. In other words, everyone in this market i not risk averse. $/$r$/$n $50.$ Suppose an institution that buys and sells in the same way between t and T as the averays sized institutional trader above buys both bonds now at t$.$ He will eam A$.$ Higher actual return in Bond A when the bond matures B$.$ The same actual retum in both bonds at maturity C$.$ Higher actual return in Bond B when the bond matures D$.$ Negative retum in Bond B