You are interested in buying one of the following two corporate bonds based on your expectation of declining interest rates:

1. Bond A: paying half-yearly coupons, with a maturity date of 1 June 2036, an annual coupon rate of 12% and a bond flat price of $110.00
2. Bond B: paying quarterly coupons, with a maturity date of 1 June 2046, an annual coupon rate of 8% and a bond flat price of $60.00

If the settlement date of both bonds is 1 June 2022, which of these bonds would represent the best investment opportunity based on your interest rate expectation?

Choose one answer choices

- Both Bond A and Bond B as they are identical

- Bond B

- Bond A