12. Price risk and reinvestment rate risk Which of the following statements are true? Check all that apply. To minimize interest rate risk, an investor should buy long-term bonds. Rising interest rates cause the value of outstanding bonds to decrease. Bonds with similar coupons will always have the same percentage price change, no matter the maturity. A decline in interest rates will lead to a decline in the price of an outstanding bond. Which category of investor will experience the highest reinvestment rate risk? O University endowment fund O Pension fund O Retirement-age individual investor O 25-year-old individual investor