Ian has the choice of two bonds, one that pays 4 percent interest and one that pays 86 percent interest. Which of the following situations is most likely?

a.The 8 percent bond is a Canadian government bond, and the 4 percent bond is a junk bond.

b.The 8 percent bond has a longer term than the 4 percent bond.

c.The 8 percent bond is less risky than the 4 percent bond.

d.The 8 percent bond is a Canadian government bond, and the 4 percent bond is a provincial bond.