Musashi would like to invest a certain amount of money for two years and considers investing in a one-year bond that pays 3 percent and a two-year bond that pays 8 percent. Musashi is considering the following investment strategies: Strategy A: In the first year, buy a one-year bond that pays 3 percent. Once that bond matures, buy another one-year bond that pays the forward rate. Strategy B: In the first year, buy a two-year bond that pays 8 percent annually. If the one-year bond purchased in year two pays 12 percent, Musashi will choose