Which of the following convexity statement is not correct? Question 10Answer a. The benefit on a higher convexity bond will be less than a lower convexity bond when the interest rate volatility is high b. For positive convexity, as the yield increases (decreases), the convexity of the bond decreases (increases) c. For a given yield and maturity, the lower the coupon, the greater the convexity. d. For a given yield and modified duration, the lower the coupon, the smaller the convexity