A 25-year bond "A" with the face value of $1,050 and the annual coupon of $50 was issued exactly 15 years ago, with 15 coupon payments already made. A similar 10-year bond "B" was issued today with the face value of $1,050 and the annual coupon of $40. Assume that the current market interest rate is the same as the coupon rate of bond "B", since this bond was issued today (a) Which of the following statements is TRUE? (b) The current market value of the bond "A" is $ A 25-year bond "A" with the face value of $1,050 and the annual coupon of $50 was issued exactly 15 years ago, with 15 coupon payments already made. A similar 10-year bond "B" was issued today with the face value of $1,050 and the annual coupon of $40. Assume that the current market interest rate is the same as the coupon rate of bond "B", since this bond was issued today. (a) Which of the following statements is TRUE? Bond "A" has a higher coupon rate than bond "B" Bond "A" has the same coupon rate as bond "B" The coupon rate of the bond "A" is 10% The coupon rate of the bond "B" is 3% NOTE: Please enter your answer to two decimal places. If using the interest factor method, apply the value of the factor as presented in the table or spreadsheet (with all four decimal places)