An investor whose primary investment objective is capital appreciation is anticipating a decrease in interest rates. Which of the following bonds would she most likely purchase?

A$)$

A $20-$year bond paying $5\%$

B$)$

A $5-$year bond paying $4\%$

C$)$

A $20-$year zero$-$coupon bond

D$)$

A $10-$year bond paying $4\mathrm{.}5\%$