Andre owns a corporate bond with a coupon rate of 8% that matures in 10 years. Rhonda owns a corporate bond with a coupon rate of 10% that matures in 15 years. If interest rates go down to 6%, then:

the value of Andre's bond will decrease and the value of Rhonda's bond will increase.

the value of both bonds will increase.

the value of Rhonda's bond will decrease more than the value of Andre's bond due to the longer time to maturity.

the value of both bonds will remain the same because they were both purchased in an earlier time period before the interest rate changed.