Regarding bond pricing theorems, which of the statements below is the least accurate?

Select one:

a. If the market rate exceeds the coupon rate, then the bond price will be less than par.

b. All else equal, if the market rate (i.e. yield) increases then bond prices decrease.

c. The lower the bonds coupon rate is, the less its price will fluctuate when the yield to maturity changes.

d. There is an inverse relationship between bond prices and market rates.

e. Given two bonds that are identical otherwise, the bond with longer term to maturity has greater interest rate risk