Question 6 4 pts Which one of the following statements is correct? (a) The sensitivity of a bond's fair value to changes in interest rates depends only on the length of time to maturity and independent of the pattern of cash flows provided by the bond (b) Short-term bonds have greater interest rate risk than long-term bonds (c) As the maturity date approaches, the market (fair) value of a bond converges to its face value (d) If the yield-to-maturity is lower than the coupon rate, the value of the bond will be less than the par value (e) (a) and (b) (f) (b) and (c) (g) (c) and (d) (h) None of the answers are correct