Which of the following statements is true?

Multiple Choice

The prices of bonds with longer terms to maturity are less sensitive to interest rate changes than prices of bonds with shorter term maturity

If interest rates go down, the price of $10$ year bond will increase by a greater percentage compared to the price of a $5-$year bond

Interest rates have a direct$/$proportional relationship with bond prices$$

If interest rates go up$,$ the price of $10-$year bond will increase by a greater percentage compared to the price of a $5-$year bond