Which answer is FALSE regarding bond prices and interest rates?

A.) Bond prices and interest rates move in opposite directions.

B.) The prices of short-term bonds display greater price sensitivity to interest rate changes than do the prices of long-term bonds.

C.) Interest rate risk can be described as the risk that changes in market interest rates will cause fluctuations in the bonds price.

D.) The price of a bond is the present value of the coupon payments and the face value.