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