Which of the following about bonds is NOT correct? A. When interest rates rise, bond prices fall. B. Bonds may be privately placed with institutional investors that regularly deal in securities. C. For two bonds of the same maturity the bond with the higher coupon will be more sensitive in price than the bond with the lower coupon. D. A negative bond covenant can restrict the amount of dividends paid to shareholders that the bond issuing company may pay. E. If a company becomes bankrupt, then the bond holders will receive any payment before the holders of preference shares.