3. You are interested in valuing the following two bonds: Coupon Bond Bond#1 Bond #2 Maturity | 1 October 2024 1 October 2024 4.4% annual 4.40% annual Type of Bond Option-Free Callable at par on 1 October 2020 and on 1 October 2021 You consider using two methods to value bonds: Method I Discount each year's cash flow separately using the appropriate spot rates. Method 2 Build and use a binomial interest rate tree. Which method(s) would be an appropriate valuation technique for Bond #1? Which method(s) would be an appropriate valuation technique for Bond #2? Explain your answers