Which of the following is NOT correct?

1)	Reinvestment rate risk is the risk of a decline in interest income due to falling interest rates
2)	Reinvestment rate risk is the risk of a decline in interest income due to rising interest rates
3)	Reinvestment rate risk can be described as the case in which coupons received from bonds are reinvested at lower rates as interest rates fall
4)	Short-term bonds are more exposed to reinvestment risk because as they mature, the money received are reinvested at lower interest rates as interest rates fall