Which bond is more sensitive to an interest rate change of 1 percent? Bond A: Yield to maturity = 4.00%, maturity = 8 years, coupon = 6% or 60, face value = 1,000. OR Bond B: Yield to maturity = 3.50%, maturity = 5 years, coupon = 7% or 70, face value = 1,000.

A. Bond A

B. Bond B

C. Cannot be determined

D. Both are equally sensitive.