9. You own two bonds: (1) A zero-coupon bond with a 3-year maturity and a 10\% coupon rate (2) A par-value bond with a 3-year maturity and 10% yield to maturity Which of your two bonds is more sensitive to changes in interest rates? (4 Points) A. Both bonds have the same sensitivity B. The zero-coupon bond because of the longer duration C. The par-value bond because of the higher yield to maturity D. The zero-coupon bond because of the longer time to maturity 9. You own two bonds: (1) A zero-coupon bond with a 3-year maturity and a 10\% coupon rate (2) A par-value bond with a 3-year maturity and 10% yield to maturity Which of your two bonds is more sensitive to changes in interest rates? (4 Points) A. Both bonds have the same sensitivity B. The zero-coupon bond because of the longer duration C. The par-value bond because of the higher yield to maturity D. The zero-coupon bond because of the longer time to maturity