10. Which of the following is not a correct statement about the bond?

a. Bond can be either non-interest-bearing or interest-bearing.

b. Non-interest-bearing bonds sell at discount upon issuance.

c. Price of a discount bond will go up as it approaches maturity.

d. There is an inverse relation between the bond price and interest rate.

e. Baseline interest rate for the bond market is LIBOR rate.