Two different bonds are traded at the same exchange. The first bond is issued by a mature company operating in a stable industry. The second bond is issued by an innovative tech startup, which is regarded as a more risky company to invest in. The bonds have the same face value, the same coupon rate, and the same time to maturity. Which of these bonds will trade at the lowest price? And when?

Group of answer choices

the bonds of the safer company will trade at the lowest price, when the yield on treasury bonds is high

the bonds of the risky company will trade at the lowest price, when the yield on treasury bonds is high

the bonds of the safer company will trade at the lowest price, when the yield on treasury bonds is low

the bonds of the risky company will trade at the lowest price, when the yield on treasury bonds is low