Which statement about bond prices is most accurate?
a. For a discount bond the coupon rate is less than the yield-to-maturity
b. With an interest rate increase the price rises more for long-term bonds than short-term bonds
c. The others answers included are not correct
d. With an interest rate decline the price rises more for short-term bonds than long-term bonds
e. For a premium bond the yield to maturity exceeds the coupon rate