Explain your answers.

T/F: In general, the price volatility of floating-rate coupon bonds is less than the price volatility of fixed-rate coupon bonds.

T/F: All else the same, a put option on a low volatility stock will be more expensive than a put option on a high volatility stock.

T/F: All else the same, a call option with a strike price of $30 will be more expensive than a call option with a strike price of $40.

T/F: The percentage price gain for a callable bond will be smaller when rates decline by X% than the percentage price loss when rates rise by the same X%.