Wendell Inc. purchased two new investments during the year: A municipal bond with a face value of $3,000,000 was purchased for $3,127,102. The 5% bond matures in three years and pays interest semi-annually. 1,000 shares in Alexxia Inc., a public company, were purchased at a cost of $10,000. Wendell plans to sell the shares as soon as the share price increases to $12. Which of the following statements describes how Wendell should classify these investments under ASPE? A The municipal bond must be classified as amortized cost or FVOCI and the shares as FVPL. B Both investments must be classified as FVPL. C Both investments must be classified as FVOCI. D The municipal bond may be classified as amortized cost, but the shares must be classified as FVPL