Assume that interest rates exhibit an unexpected increase of 1%, in general, we would expect bond prices to ________. However, we would likely see that the price change of ________ time-to-maturity bonds be greater than the price change of ________ time-to-maturity bonds due to coupon repayment uncertainty.
a. Decrease, Longer, Shorter
b. Decrease, Shorter, Longer
c. Increase, Longer, Shorter
d. Increase, Shorter, Longer