Which of the following statements is most correct?
A. All else equal, long-term bonds have more interest rate risk than do short-term bonds.
B. All else equal, high-coupon bonds have more reinvestment rate risk than do low-coupon bonds.
C. All else equal, short-term bonds have more reinvestment rate risk than do long-term bonds.
D. Statements a and c are correct.
E. All of the statements above are correct.