Which of the following statements is CORRECT?

a. All else equal, high-coupon bonds have less reinvestment risk than low-coupon bonds.

b. All else equal, long-term bonds have less price risk than short-term bonds.

c. All else equal, low-coupon bonds have less price risk than high-coupon bonds.

d. All else equal, short-term bonds have less reinvestment risk than long-term bonds.

e. All else equal, long-term bonds have less reinvestment risk than short-term bonds.