Corporate Bond A returns 5% of its cost in PV terms in each of the first five years and 75% of its value in the sixth year. Corporate Bond B returns 8% of its cost in PV terms in each of the first five years and 60% of its cost in the sixth year. If A and B have the same required return, which of the following is/are true?

I. Bond A has a bigger coupon than Bond B. II. Bond A has a longer duration than Bond B. III. Bond A is less price-volatile than Bond B. IV. Bond B has a higher PV than Bond A.

III only

I, III, and IV only

I, II, and IV only

II and IV only I, II, III, and IV