" (1) The value (price) of a bond is inversely related to changes in interest rates (and ytm). (2) Holding yields constant, price will converge to par value as we approach the maturity date of a bond. "

		(1) is True but (2) is False
		(1) is False but (2) is True
		(1) and (2) are both False.
		(1) and (2) are both True.