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The convex shape of the bond price-yield curve shows: 1. For a given change in interest rates, bond price will increase less when rates decrease

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The convex shape of the bond price-yield curve shows: 1. For a given change in interest rates, bond price will increase less when rates decrease than they will decrease when rates increase II. For a given change in interest rates, bond price will increase more when rates increase than they win decrease when rates decrease III. For a given change in interest rates, bond price will increase more when rates decrease than they will decrease when rates increase O a Only Ill is correct Ob. Only Il is correct OcOnly is correct Od All are NOT correct O. Insufficient information. We need to know the bond maturity

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