The following is the information of two bond portfolios. The bonds in both portfolios are trading at par value. Both portfolios have a market value of $500 million. The duration of the two portfolio is the same.

Bonds in Portfolio 1
Issue	Years to Maturity	Par value (in $ million)
A	1.0	$120
B	1.25	$130
C	19.80	$150
D	20.15	$100
Bonds in Portfolio 2
E	9.9	$200
F	10.0	$230
G	10.1	$70

If there is a parallel shift up of yield curve (e.g., spot rates al all time-to-maturities increase by 4%), then ___(i)____ should have a greater market value.

If there is a parallel shift down of yield curve (e.g., spot rates al all time-to-maturities decrease by 4%), then ___(ii)____ should have a greater market value.

A)	(i) Portfolio 1; (ii) Portfolio 1

B)	(i) Portfolio 1; (ii) Portfolio 2

C)	(i) Portfolio 2; (ii) Portfolio 1

D)	(i) Portfolio 2; (ii) Portfolio 2