wa 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. The curve is always downward sloping 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 II and II are correct O b. I and II are correct. OcOnly Il is correct. O d. Only Ill is correct. Oe. Only 1 is correct