35. The following first table shows the characteristics of two annual coupon-ed bonds from the same issuer with the same credit quality and the same priority in the event of defaults. The second table below it displays the Spot Rates. It seems neither bond's price is consistent with the Spot Rates. Using these information, recommend either Bond A or Bond B for purchase. Justify your choice with calculations. Hint: use the Spot Rates to calculate the "fair" valuation of the two bonds. Are the valuation different from their market price? Market Coupons Maturity Coupon Rate YTM Price Bond A: Annual 9.00% 9.20% $99.5000 Bond B: Annual 7.00% 9.39% $94.0000 3 yrs 3 yrs Maturity: 1 3.00% 2 6.00% 3 8.00% zi: Calculated fair valuation: ? ? Bond A: Bond B: Fill in either Bond A or Bond B here: ? Explain your choice here