You are planning to invest some excess cash during 2023. You are debating between debt and equity investments. Your options are as follows:

1) A 9% bond with par value of $10,000 that pays interest on October 1 and April 1. The purchase date of the bond is January 1.

2) 160 shares of common stock in Tyson Foods, worth $10,000, purchased January 1. Tyson has a history of paying dividends of at least 3% semi-annually and are expected to do so going forward. They will announce their first dividend of 3.13% with the ex-dividend date of February 28, a record date of March 1, and a payment date of March 15. Their second dividend of 3% will have an ex-dividend date of November 30, a record date of December 2, and a payment date of December 15.