For each of the following pairs of Government of Canada Bonds, identify which will have the higher price as a percentage of the face value. a. A three-year zero-coupon bond or

a five-year zero-coupon bond? b. A three-year zero-coupon bond or a three-year 4% coupon bond? c. A two-year 5% coupon bond or a two-year 6% coupon bond? a. Which will have the higher price (as a percentage of the face value), a three-year zero-coupon bond or a five-year zero-coupon bond? OA. A 5-year, because the present value is received sooner, the future value is higher. OB. A 3-year, because the present value is received sooner, the future value is higher. OC. A 5-year, because the future value is received later, the present value is higher. OD. A 3-year, because the future value is received sooner, the present value is higher.