Burton Malkiel told us that high coupon bonds have less price volatility than low coupon bonds. Which of the following statements correctly explains why this is true? Select one: a. A high coupon bond has a greater proportion of its total cash flow occurring closer to today than does an otherwise identical low coupon bond b. High coupon bonds are more risky c. High coupon bonds are held principally by widows and institutions d. High coupon bonds have higher yields to maturity and are therefore less volatile Clear my choice