Bond A is a 10-year Treasury bond with an 8% coupon and bond B is an 8-year Treasury bond with a 10% coupon. If the market rates increase by 2%, which of the following statements is most correct?

a. The prices of both bonds will increase by the same amount.

b. Both bonds will decline in price, but the 8-year bond will have a greater percentage decline in price than the 10-year bond.

c. Both bonds will decline in price, but the 10-year bond will have a greater percentage decline in price than the 8-year bond.

d. The prices of both bonds will decrease by the same amount.

e. Both bonds will increase in price, but the 8-year bond will have a greater percentage increase in price than the 10-year bond.