Exactly one year ago, an investor purchased a $100 face value zero coupon bond with 4 years to maturity. The market yield to maturity at that time was 6% p.a. compounded semi-annually. Now, one year later, with the market yield to maturity decreases to 5% p.a., the same investor purchases another security that pays a stream of cash flows of $3 every six months for 3 years and with no face value. The combined current value of both investments (i.e., the zero coupon bond bought one year ago and the new security bought today) based on the current market yield to maturity is likely to be:

	A.	Greater than the par value
	B.	Less than the par value
	C.	Equal to the par value
	D.	Zero