Which of the following statements correctly describes the sensitivity of a bonds price to a change in market yields?

Group of answer choices

1.More than one of the other statements are correct.

2.The price of a zero-coupon bond with four years until expiry is going to be more sensitive to changes in market yields than the price of a coupon paying bond issued by the same company with the same term to expiry.

3.Holding all other factors constant, the longer the term to expiry, the less sensitive a bonds price is to changing market yields.

4.Holding all other factors constant, the higher the coupon rate, the more sensitive is a bonds price to changing market yields.