Space-X wants to borrow by Issuing 10-year coupon bonds each with a face value of $1,000. Its investment banker recommends offering a coupon rate of 5% and expects that the bonds will be priced to yield 3.5% (per annum). Initially Space / was going to issue the bonds with annual coupons, but now it is considering sesan coupons. Consider the impact on the bond price. If it switches to semi-ann coupons, then the price will be compared to with annual coupons. (All else held constant.) 1) lower 2) higher 3) the same