Elena pays $10,000 for a bond with a face value of $10,000 and a coupon rate of 6 percent. Scott buys a bond for $9,500. The face value of the bond is $10,000 and the coupon rate is 6 percent. Fill in the blank. Both Elena and Scott bought bonds with a face value of $10,000, coupon rates of 6 percent, and maturity dates five years from the date of purchase. Scott will earn __________ on his investment than Elena will earn on her investment because he paid __________ than the face value of the bond.
1) more, less
2) less, more
3) less, less
4) more, more
