Question 1 Not yet answered Marked out of 1.50 P Flag question Which of the following statements is INCORRECT? Select one: a. Other things being the same, lower-coupon bonds have more curvature in the price-yield curve. b. Duration of a zero-coupon bond is the same as time to maturity. c. Duration overestimates the decline in price for an increase in interest rates. d. Duration changes only because of time passage. e. Convexity adjustment improves duration price approximation