Which of the following is correct?

Question options:

1)	The longer the maturity of a bond, the lower the bond's duration

2)	Convexity decreases with bond duration

3)	Duration of a coupon-paying bond is always greater than that of a zero-coupon bond with the same maturity

4)	The higher the duration of an asset, the greater will be the effect of an interest rate change on the price of that asset